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VE-T1077 : Enhancing Digital Payments in Venezuela

Project Status: Implementation

The objective of this operation is to support the enhancement of digital payments in Venezuela. This objective would be achieved by: (i) supporting the identification and implementation of public sector actions that enable or promote private sector solutions to solve specific pain-points in payment systems, with an emphasis on solutions targeting the unbanked, lower income households in remote areas, and micro or small-scale enterprises; and (ii) providing regulatory technical support, particularly in terms of digital payment interoperability, and facilitating institutional strengthening and capacity building activities in both the BVC and the Superintendence of Banking Sector Institutions (Sudeban). These actions, particularly the regulatory aspects, are critical for future implementations of G2P programs and therefore there is a close coordination with the Social Protection Division of the Bank

Project Detail

Project Number
VE-T1077
Approval date
September 30, 2019
Project Country
Venezuela
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/OC-17609-VE

Financial Information

Project Number
VE-T1077
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/24/2022

Roles & Responsibilities

Contract signature date
Sep/30/2019

Project Information

Total Cost
USD 75,000
Country counterpart financing
USD 0
Amount
USD 75,000

Preparation

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Type
Project Number
Date Published