The general objective of the Technical Cooperation (TC) is to strengthen the institutional capacity of the Development and Export Bank of the Dominican Republic (BANDEX), the Central Bank, and the Securities and Banking Superintendencies to support the preparation and execution of operation DR-L1177, "FinaRD 2036 Program: Accelerating Investments in the Dominican Republic". This will be achieved through: (i) institutional capacity building to facilitate the implementation of the second-tier banking model for BANDEX; (ii) the design and launch of the country's first partial guarantee fund to expand MSMEs' access to long-term productive financing; and (iii) targeted support for the operation.
Project Detail
Country
Dominican Republic
Project Number
DR-T1336
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
FINANCIAL MARKETS
Subsector
BANKING MARKET DEVELOPMENT
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 380,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 190,000.00