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Consolidated Supervision Financ.sector

This project seeks to promote a sound and stable financial market through integration of supervision of insurance companies and pension plans with that of banking institutions. The five components are:(a) legal and regulatory framework; (b) integration - strategy, organization and resources; (c) operational framework and training; (d) insurance sector and pension fund reviews; and (e) informationtechnology. Component 1 funds technical assistance for reviewing and making final changes to legislation needed to integrate supervision of insurance companies and pension plans under the authorityof the existing Bank Inspection Department in the Central Bank of Trinidad and Tobago (CBTT). Component 2 funds assistance for the organizational aspects of the new integrated agency. Component 3 funds development of a new supervisory manual for the new integrated supervision entity. Component 4 funds diagnostic review of selected insurance companies and pension funds. Component 5 funds information technology upgrades.

Project Detail

Country

Trinidad and Tobago

Project Number

TC0001003

Approval Date

May 31, 2000

Project Status

Closed

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

REFORM / MODERNIZATION OF THE STATE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 2,297,000.00

Country Counterpart Financing

USD 1,111,000.00

Original Amount Approved

USD 1,186,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/MT-6983-TT Non-Sovereign Guaranteed USD - United States Dollar Technical Cooperation Facility Nonreimbursable
Operation Number ATN/MT-6983-TT
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Technical Cooperation Facility
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1001227620-3910
Project Performance Monitoring Reports
PPMR for MIF project TC0001003 - ATN_MT-6983-TT August, 2000 [1786285].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1001227620-3911
Project Performance Monitoring Reports
PPMR for MIF project TC0001003 - ATN_MT-6983-TT June, 2001 [1786286].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1001227620-8063
Donors Memorandum
Integrated Financial Sector Supervision [422999].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1001227620-8190
Donors Memorandum
Supervisión integrada del sector financiero [425355].PDF
Dec. 31, 1999
Spanish

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