Skip to main content
Enhance Development Impact of Workers' Remittances
Development Objective. The main objective of the Project is
to enhance the development impact of workers' remittances
to Guatemala from the United States through an innovative
structured transaction to finance the expansion of medium to
long-term credit to (i) small businesses, (ii) mortgage loans,and (iii) the recipients of remittances, mainly mortgage loans to these recipients paid by remittance flows.
The MIF's involvement helps to support a growing market
with profound social repercussions: the impact of workers'
remittances in LAC. This is an important catalytic role of the MIF because it enhances the development impact of
remittance flows and will help Bancafé to leverage its
Guatemalan workers' remittance flows from the United
States and expand its medium to long-term loan portfolio in
Guatemala.

Project Detail

Country

Guatemala

Project Number

GU-M1003

Approval Date

August 3, 2005

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL MARKETS

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 300,000.00

Country Counterpart Financing

USD 100,000.00

Original Amount Approved

USD 200,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-9331-GU Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-9331-GU
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-540551123-4004
Project Abstract
Project Abstract for MIF project GU-M1003 - ATN_ME-9331-GU [1792985].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-540551123-570
Project Abstract
Enhance Development Impact of Workers Remittances [588552].DOC
Dec. 31, 1999
English
Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-540551123-561
Donors Memorandum
GU-M1003 - Banco del Cafe, S_A_ [574209].DOC
Dec. 31, 1999
English
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-540551123-4190
Eligibility Memorandum
Elegibility memorandum for MIF project GU-M1003 - ATN_ME-9331-GU [1810368].PDF
Dec. 31, 1999
English

Have an Environmental or Social issue related to IDB projects? File a Complaint

Jump back to top