Operational support to CFN for the execution of the CRECER Program

The general development objective of the program is to support the economic recovery of Ecuador's Micro, Small, and Medium Enterprises (MSMEs). The specific development objective is to expand access to credit for Ecuadorian MSMEs through CFN's second-tier financial instruments: the National Guarantee Fund (FNG) and Second-Tier Banking.

Project Detail

Country

Ecuador

Project Number

EC-T1517

Approval Date

November 3, 2023

Project Status

Implementation

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 150,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 150,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000237-1214058939-1

TC Document

Approval Document-EC-T1517 .pdf

Nov. 06, 2023

Spanish

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