The general objective of this Technical Cooperation (TC) is to support central banks, financial supervisors, and regulators (financial authorities) in Latin America and the Caribbean in updating their regulatory frameworks and developing an enabling environment for productivity through regulatory reform. The TC specific objectives are to: (i) support financial authorities in the identification, development, updating, and issuing of financial prudential regulations and standards for the purposes of macro-financial policy and standards compliance, including payment systems, banking, capital markets, and insurance, (ii) support financial authorities in enabling productive sector activity, and mobilization of resources, including, scaling up capital markets, through: a) public policies for implementing financial instruments, including sustainable financing, Exchange-Traded Funds (ETF), among other financial innovations; b) market, issuers, intermediaries and investors cross-recognition; c) market development, such as market-makers schemes, liquidity programs, among other, to enhance long-term funding, market creation, and resource mobilization, and (iii) disseminate prudential regulation and other relevant policy reforms, including private-public dialogue.
Project Detail
Country
Regional
Project Number
RG-T4499
Approval Date
July 26, 2024
Project Status
Implementation
Project Type
Technical Cooperation
Sector
FINANCIAL MARKETS
Subsector
FINANCIAL REGULATION AND SUPERVISION
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 150,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 150,000.00