Modernizing Barbados’ legislative and regulatory framework for non-bank financial services

To reform and modernize Barbados' legal and regulatory framework for non-bank financial services, particularly related to pensions, insurance, credit unions, and microfinance, and to strengthen the institutional capacity of the Financial Services Commission (FSC) of Barbados to implement and monitor effective risk-based supervision of a modernized legislative and regulatory framework.

Project Detail

Country

Barbados

Project Number

BA-T1137

Approval Date

Project Status

Preparation

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL REGULATION AND SUPERVISION

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 230,000.00

Country Counterpart Financing

USD 30,000.00

Original Amount Approved

USD 200,000.00