The objectives of the Financial Sectorand Private Enterprise Development (APEX) Credit Project(report no. P5076), which was launched in 1990 and lastedfor ten years, was as follows: 1) support small and mediumenterprises (SME) through technical assistance and supportof the government ' s ongoing restructuring efforts ofthe economy; 2) improve financial sector efficiency throughresource mobilization, improved allocation, and interestrate liberalization; 3) strengthen institutions operating inthe financial and SME support sector; and 4) generate newemployment opportunities. The project comprises threecomponents : 1) financing of projects in productive sectorspromoted by private enterprises; 2) technical assistance tosupport SME development, staff training, strengthening ofCentral Bank supervision and monetary management capacities;and 3) establishment of policy conditions concerning thefinancial sector.