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Strengthening the Banking Sector, Supervision and Regulation

The prevailing circumstances and recent developments in the
Dominican banking system have drawn the attention of the authorities
and the overall market to the serious shortcomings in banking
regulations and supervision, the risk of poor accounting practices, and
the importance of having banks that are sound participate in the
market. In recognition of the importance of these issues for the
country and the economy, the authorities are preparing a program to
restore confidence and to strengthen the financial system. This
program dovetails with efforts that include the negotiation of a
program with the IMF, a policy-based lending (PBL) sector program
in preparation with the IDB, and a technical-assistance program with
the World Bank. It is important to note that the authorities have been
in close dialogue with the three multilateral organizations, which have
kept an ongoing presence in the country since the problems in the
banking sector began to appear.

Project Detail

Country

Dominican Republic

Project Number

DR-L1001

Approval Date

November 19, 2003

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

PUBLIC EXPENDITURE MANAGEMENT

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

TCR (Technical Cooperation Loan)

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B13(R): (R) Uncategorized Directive B.13

Total Cost

USD 6,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 6,000,000.00

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-8953
Loan Contract
Préstamos a la República Dominicana con tasa de interes basada en LIBOR.pdf
Jun. 21, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-1344
Project Monitoring Report ( Public version)
Report for Publication_PMR-_DR-L1001-2010-2º-Period [36313222].PDF
Aug. 10, 2011
English
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-163
Project Monitoring Report ( Public version)
Relatório para publicação_PMR-_DR-L1001-2010-2º-Período [36310168].PDF
Aug. 10, 2011
Portuguese
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-554
Project Monitoring Report ( Public version)
Rapport pour Publication_PMR-_DR-L1001-2010-2º-Período [36312062].PDF
Aug. 10, 2011
French
https://www.iadb.org/document.cfm?id=EZSHARE-1856068004-949
Project Monitoring Report ( Public version)
Informe para Publicación_PMR-_DR-L1001-2010-2º-Periodo [36312648].PDF
Aug. 10, 2011
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1618176732-828
Procurement Plan
1498-OC-DR Plan de Adquisiciones 2008-2009 [13060578].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1618176732-88
Procurement Plan
1498-OC-DR Plan de Adquisiciones 2008-2009 [1963062].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1618176732-7576
Loan Proposal
Strengthening, Supervision and Regulation of the Banking System [407980].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1618176732-8167
Loan Proposal
Fortalecimiento del sistema bancario, su supervisión y reglamentación [425229].PDF
Dec. 31, 1999
Spanish

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