Can’t find a document? Request Information

RG-T3365 : Establishment of Credit Bureau in the Eastern Caribbean Currency Union

Project Status: Implementation

The objective of this project is to strengthen the capacity of the Eastern Caribbean Central Bank (ECCB) to regulate and supervise a private credit bureau for the Eastern Caribbean Currency Union (ECCU) to become established no later than December 2019. According to the World Bank's Doing Business ranking for 2018, Grenada and Dominica were ranked at 142 while St Vincent and the Grenadines, St Lucia, St Kitts and Nevis, and Antigua and Barbuda were ranked 159 out of 190 economies with respect to Getting Credit. Using the World Bank's Doing Business Methodology, the ranking for Getting Credit in ECCU member countries can improve through (a) reforms related to secured transactions and insolvency; and/or (b) creating improvement in the reporting of credit information. The focus of this project is on the latter.

Project Detail

Project Number
RG-T3365
Approval date
May 01, 2019
Project Country
Regional
Project Sector
FINANCIAL MARKETS
Project Subsector
BANKING MARKET DEVELOPMENT
Project Type
Technical Cooperation
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/CO-17323-RG

Financial Information

Project Number
RG-T3365
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Compete Caribbean Partnership Facility
Reporting currency
USD - United States Dollar
Reporting date
Sep/24/2020

Roles & Responsibilities

Contract signature date
Aug/02/2019

Project Information

Total Cost
USD 180,000
Country counterpart financing
USD 30,000
Amount
USD 150,000

Approved

Title
Type
Project Number
Date Published