• GLOSSARY OF ACRONYMS
  • GLOSSARY OF TERMS USED
  • PREFACE
  • EXECUTIVE SUMMARY
  • MAIN REPORT
  • 1. INTRODUCTION
  • 1.1 Objectives
  • 1.2 Background and Context
  • 1.3 Evaluation Methodology
  • 2. PERFORMANCE OF THE FACILITY
  • 2.1 Grant support to the Facility was highly relevant for the first years, but its relevance declined over time
  • 2.2 Outputs were delivered effectively by the IFIs, and benefits from grant support were obtained in earlystages, but these diminished over time
  • 2.3 TA delivered immediate impacts, but intermediate and wider impacts of the Facility were limited
  • 2.4 Long-term sustainability of the Facility assistance is marginal
  • 3. THEMATIC/ CROSSCUTTING FINDINGS
  • 3.1 Catalytic effects of the grant support to the Facility diminished over time
  • 3.2 Additionality in line with the Phare definition has also declined over time
  • 3.3 Little linkage or complementarity with other support measures for SMEs
  • 3.4 Multi-country programme delivery has been appropriate but the absence of a tailor-made approachconstrained benefits
  • 4. CONCLUSIONS AND RECOMMENDATIONS
  • 4.1 Conclusions
  • 4.2 Recommendations
  • ANNEXES
  • Annex 1. Terms of Reference
  • Annex 2. Evaluation Plan
  • Annex 3. Follow-Up to Recommendations of Previous Report
  • Annex 4. List of Participating Financial Institutions Interviewed
  • Annex 5. Questionnaire
  • Annex 6. Note on Interview Methodology
  • Annex 7. Reconstructed Intervention Logic for the Facility
  • Annex 8. Overview of the Facility Objectives 1999-2005
  • Annex 9. Overview of the Facility Operations 1999-2005
  • Annex 10. Achievement of Immediate Objectives 1999-2005
  • Annex 11. List of Interviews
  • Annex 12. List of Documents Consulted