The objective of this Technical Cooperation (TC) is to enhance the institutional capacity and effectiveness of El Salvador's Development Bank (BANDESAL), enabling it to more effectively support and finance the development, implementation, and scaling of projects for Micro, Small, and Medium-sized Enterprises (MSMEs) in the fields of sustainability, innovation, Energy Efficiency and Renewable Energy. This will involve strengthening BANDESAL's financial products, technical assistance capabilities, and policy frameworks to foster sustainable economic growth, innovation, and environmental responsibility within MSMEs, while aligning with national and global objectives for energy transition and climate change mitigation.
Project Detail
Country
El Salvador
Project Number
ES-T1405
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 300,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 150,000.00