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Asian Development Bank’s Assistance for Low-Income Housing Finance in Sri Lanka

Asian Development Bank’s Assistance for Low-Income Housing Finance in Sri Lanka

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This report presents an impact evaluation study of the housing finance component of the Urban Development and Low-Income Housing Project in Sri Lanka (Loan 1632). The study empirically assessed the socioeconomic impacts of the project's housing loans and, on that basis, provides lessons and recommendations to help enhance the development effectiveness of ADB's future low-income housing finance projects.
This report presents an impact evaluation study of the housing finance component of the Urban Development and Low-Income Housing Project in Sri Lanka (Loan 1632). The study empirically assessed the socioeconomic impacts of the project's housing loans and, on that basis, provides lessons and recommendations to help enhance the development effectiveness of ADB's future low-income housing finance projects.

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05/13/2014

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ASIAN DEVELOPMENT BANKIndependent Evaluation DepartmentIMPACT EVALUATION STUDYONASIAN DEVELOPMENT BANK
’S ASSISTANCE FOR
LOW-INCOME HOUSING FINANCE INSRI LANKA
In this electronic file, the report is followed by Management’s response and the Board of Directors’ Development Effectiveness Committee (DEC) Chair’s summary of a discussion of the
report by DEC.
 
 
Independent Evaluation Department
Reference Number: IES: SRI 2011−
20Impact Evaluation StudyAugust 2011
Asian Development Bank’s Assistance
forLow-Income Housing Finance in Sri LankaEvaluation Study
 
 
CURRENCY EQUIVALENTS
Currency Unit
 –
Sri Lanka Rupee (SLR)
At Appraisal
26 August 1998
 At Completion
31 December 2004
 At Evaluation
31 December 2010
 
SLR1 = $0.01513 $0.00955 $0.00907$1 = SLRs66.10 SLRs104.68 SLRs110.20 
ABBREVIATIONS
ADB
 
 –
 
Asian Development Bank
 
CBSL
 
 –
 
Central Bank of Sri Lanka
 
DMC
 
 –
 
developing member countryFGD
 
 –
 
focus group discussion
 
HQI
 
 –
 
housing quality index
 
IED
 
 –
 
Independent Evaluation Department
 
IES
 
 –
 
impact evaluation studyKII
 
 –
 
key informant interview
 
LIH
 
 –
 
low-income housing
 
PCI
 
 –
 
participating credit institution
 
PCR
 
 –
 
project completion report
 
PPER
 
 –
 
project performance evaluation report
 
RRP
 
 –
 
report and recommendation of the President
 
TA
 
 –
 
technical assistance
 
NOTES
In this report, ―$‖ refers to US
dollars.
Key Words
 
asian development bank, households, housing finance, sri lanka, housing conditions, income,expenditure, labor force participation, education, health, poverty, outcome
 
Director GeneralDirector
 
H. Hettige, Officer-in-Charge, Independent Evaluation Department (IED)H. Hettige, Independent Evaluation Division 2, IEDTeam leader
 
B. Nguyen, Senior Evaluation Specialist, IEDTeam members
 
R. Lumain, Senior Evaluation Officer, IED
 
R. Perez, Senior Evaluation Assistant, IED
Independent Evaluation Department, IE-74
 
In preparing any evaluation report, or by making any designation of or reference to a particularterritory or geographic area in this document, the Independent Evaluation Department does notintend to make any judgments as to the legal or other status of any territory or area.
 

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