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Banesco Entrepreneurs: Promoting Economic Development for the Migrant Population andVulnerable Host Communities in Panama
The proposed solution is the evolution and scaling up of the 'Emprendedores Banesco' pilot program to promote the economic and financial inclusion of the Venezuelan migrant population in Panama and the host communities in vulnerable situations. The program will be adapted to the context of the Venezuelan migrant and refugee population in the country, and includes 3 main lines of action: (i) Productivity- promote the development and management of productive enterprises through virtual training and development of soft and administrative skills offered by the 'Escuela de Emprendedores Banesco', (ii) Tailor-made products and experience - accelerate financial inclusion and promote savings through access to the 'Tarjeta Prepago Emprendedores Banesco', a special banking instrument and (iii) Capital - establish and disburse a seed capital fund for small productive enterprises.

Project Detail

Country

Panama

Project Number

PN-T1282

Approval Date

August 27, 2021

Project Status

Implementation

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 838,100.00

Country Counterpart Financing

USD 266,930.00

Original Amount Approved

USD 415,450.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-18783-PN Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-18783-PN
  • 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=EZIDB0000438-1665015483-31
Monitoring and Evaluation Plan (during Execution)
ATNME-18783-PN PSR10031-12312023.pdf
May. 13, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000438-1665015483-23
Monitoring and Evaluation Plan (during Execution)
ATNME-18783-PN PSR09657-06302023.pdf
Sep. 11, 2023
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1665015483-14
Monitoring and Evaluation Plan (during Execution)
ATNME-18783-PN PSR09427-12312022.pdf
Mar. 13, 2023
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-871004226-5
Donors Memorandum
PN-T1282 Donors memorandum.pdf
Mar. 10, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-871004226-6
Donors Memorandum
PN-T1282 Memorando de donantes.pdf
Mar. 10, 2022
English

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