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Promoting a savings culture through CCTs programs

This project will be jointly developed by the Office for the Coordination of Social Policies in the Dominican Republic (GCPS), and ADOPEM. In this sense, for the GCPS, the benefits are related to have a framework to support the IDB-MIF to strengthen efforts to promote financial inclusion of the beneficiaries of the conditional transfer program Solidarity, while creating opportunities that promote a way out of poverty status of this population group, also would be emphasizing the interest of the Social Cabinet to coordinate with the private sector to implement sustainable development strategies.
For its part, the Bank ADOPEM, this project means to access a database of beneficiaries of the solidarity that is a major asset to increase its customer base. Furthermore, increased savings culture through this project will allow the ADOPEM increase the amount of savings accounts, and the rate of average amount saved per client, avoid seasonality in savings accounts, and in turn, will enable cross-sell other services offered as microinsurance and microcredit.

Project Detail

Country

Dominican Republic

Project Number

DR-M1036

Approval Date

January 23, 2012

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 563,700.00

Country Counterpart Financing

USD 256,000.00

Original Amount Approved

USD 307,700.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-13176-DR Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-13176-DR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-358234753-12195
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13176-DR [40372578].PDF
Jun. 30, 2016
English
https://www.iadb.org/document.cfm?id=EZSHARE-358234753-12575
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13176-DR [39867862].PDF
Sep. 22, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-358234753-12914
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13176-DR [39493061].PDF
Mar. 19, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-358234753-115
Procurement Plan
Plan de Adquisiciones ATN_ME-13176-DR_ Marzo 2015 [39486028].XLS
Mar. 23, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-358234753-9931
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13176-DR [39053849].PDF
Sep. 15, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-358234753-13515
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13176-DR [38723476].PDF
Apr. 08, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-1310503026-3
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13176-DR [38080292].PDF
Sep. 23, 2013
English
https://www.iadb.org/document.cfm?id=EZSHARE-358234753-13954
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-13176-DR [38045359].PDF
Sep. 09, 2013
English
https://www.iadb.org/document.cfm?id=EZSHARE-358234753-11531
Donors Memorandum
Donors Memorandum [36167182].PDF
Dec. 31, 1999
English

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