Fintech Industry: Vehicle for Financial Inclusion

The project objective is to support the development, consolidation, and integration of a fintech ecosystem in the three countries of northern Central America (El Salvador, Honduras, and Guatemala) by increasing the number of people accessing financial products and services through fintechs. Regulatory innovations, institution-strengthening, and financing for enterprises and entities operating in the fintech ecosystem will be promoted to this end.

Project Detail

Country

Regional

Project Number

RG-T4354

Approval Date

February 16, 2024

Project Status

Cancelled

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 and Social Impact Category (ESIC)

Total Cost

USD 1,543,800.00

Country Counterpart Financing

USD 794,800.00

Original Amount Approved

USD 749,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0001102-210355703-6

Donors Memorandum

RG-T4354 Memorando a los donantes vp.pdf

Jul. 29, 2024

Spanish

https://www.iadb.org/document.cfm?id=EZIDB0001102-210355703-7

Donors Memorandum

RG-T4354 Donors memorandum.pdf

Jul. 29, 2024

English

Preparation Phase

https://www.iadb.org/document.cfm?id=EZIDB0001102-210355703-4

Profile

IDEATE 2023-08-23 Public Summary 1320 RG-T4354.pdf

Jul. 29, 2024

Spanish

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