RG-X1108 : LINKING SOCIAL PROTECTION PAYMENTS TO SAVINGS

The goal of this Program is to increase the availability of financial products and services targeted to low income populations. The purpose is to establish the business case for the development and implementation of liquid and contractual savings products targeted to recipients of conditional cash transfers or other social protection payments in the LAC region. The expected outcomes of this Program are: (i) 136,000 CCT recipients access liquid or contractual savings accounts; (ii) an additional 45,000 low income people access, for the first time; and (iii) 14 Financial Institutions (FIs) offer liquid savings accounts for transactions purposes and/or contractual savings for capital accumulation.