The objective of this Technical Cooperation (TC) is to foster the institutional capacity of the Panama Guarantee Fund, the executing unit for Micro, Small and Medium-sized enterprises (MSMEs)'s financing projects of the National Bank of Panama (BNP, by its acronym in Spanish), to bolster its operations and techniques to increase access to financing for Panamanian companies. This objective includes adapting the Fund's technology platform, which allows for approving and processing a greater number of guarantees associated with loans for MSMEs. It also includes support to strengthen human resources to generate the installed capacity to achieve a greater reach and impact of the guarantees used by local commercial banks.
Project Detail
Country
Panama
Project Number
PN-T1369
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