Skip to main content
REMITTANC - Regional Facility on Remittances and Savings
The Facility will increase access to and use of savings among LAC international remittances clients by developing financial products and services tailored to this population. The Facility will seek to achieve the following results: (i) at least 10 new savings products tailored to remittance clients will be developed; (ii) 250,000 remittance clients will open savings accounts; (iii) 100,000 remittance clients will use savings products, (iv) of the 250,000 remittance clients listed in point ii, an estimated 50,000 will open a formal savings account for the first time (i.e. previously unbanked); and (iv) at least 3 alternative distribution channels will be in place to facilitate remittance payments and the use of savings accounts. Each individual project may track additional results level indicators.

Project Detail

Country

Regional

Project Number

RG-O1651

Approval Date

October 24, 2012

Project Status

Implementation

Project Type

Container

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL MARKETS

Lending Instrument

-

Lending Instrument Code

-

Modality

Facility

Facility Type

FFG (Facility Financing for Grants)

Environmental Classification

-

Total Cost

USD 4,822,110.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 4,822,110.00

Financial Information
Jump back to top