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Promotion of the Factoring Industry
The general objective is to make Costa Rican and, potentially, Central American SMEs more competitive, giving them greater access to financing suited to their characteristics and needs. The specific objectives are to: (i) promote and develop the supply of and demand for factoring as alternative financing for working capital for Costa Rican SMEs; (ii) potentially, deepen the factoring market as alternative financing for working capital for SMEs in two other Central American countries; and (iii) improve access to Central American SMEs' most immediate markets by promoting international factoring. The project's demonstration effect is expected to encourage other financial institutions to serve the main target markets (factoring for small businesses and international factoring services) covered by this operation, while a larger number of SMEs will gain an awareness of this nontraditional financial instrument in Latin America and the Caribbean.

Project Detail

Country

Costa Rica

Project Number

CR-M1002

Approval Date

June 30, 2005

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

CAPITAL MARKET DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 175,000.00

Country Counterpart Financing

USD 40,000.00

Original Amount Approved

USD 135,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-9278-CR Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-9278-CR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-912681938-4000
Project Abstract for MIF project CR-M1002 - ATN_ME-9278-CR [1792422].PDF
Published Dec. 31, 1999
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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-912681938-565
CR-M1002 - Line of credit and nonreimbursable technical funding for the promotion of the factoring industry_ [579588].PDF
Published Dec. 31, 1999
Download

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