Policy co-ordination and synergies among support programmes would be enhanced and policy fragmentation reduced as the agency would implement SME support programmes in enterprises that are presently carried out by different actors in the system. According to the proposed scheme, the SBD w'ould retain responsibility over financial instruments for SME support measures such as subsidised loans and guarantees. The executive board of this new agency would be constituted of a minister or vice ministers from relevant ministries.47 The agency’s autonomy would facilitate the flexible management of resources and personnel.