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Expanding Access to Financial Products and Services for Remittance Clients throu
The project plans to increase the availability of products and financial services
focused in remittances recipients in El Salvador. Through the MIF`s partnership
this project will aim to increase access to and use of formal savings accounts as a
way to improve the livehoods of remittances recipients located in areas where
the majority of this population reside.

Project Detail

Country

El Salvador

Project Number

ES-M1052

Approval Date

December 14, 2015

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 848,880.00

Country Counterpart Financing

USD 564,280.00

Original Amount Approved

USD 284,600.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-15426-ES Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-15426-ES
  • 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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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1346550405-3
Approved TC document
El Salvador_Ampliando el Acceso a Productos y Servicios Financieros de Clientes de Remesas.PDF
Jan. 12, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1977816250-3
Project Performance Monitoring Reports
MIF Project Status Report-12-2016-ATN_ME-15426-ES - Rep6517.pdf
Aug. 31, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-1977816250-4
Project Performance Monitoring Reports
MIF Project Status Report-6-2017-ATN_ME-15426-ES - Rep6518.pdf
Sep. 28, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-1977816250-5
Project Performance Monitoring Reports
MIF Project Status Report-12-2017-ATN_ME-15426-ES - Rep6857.pdf
May. 21, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1977816250-6
Project Performance Monitoring Reports
MIF Project Status Report-6-2018-ATN_ME-15426-ES - Rep7288.pdf
Oct. 23, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1977816250-7
Project Performance Monitoring Report
MIF Project Status Report-12-2018-ATN_ME-15426-ES - Rep8571.pdf
May. 20, 2019
English
https://www.iadb.org/document.cfm?id=EZSHARE-436368422-5
Approved TC document
El Salvador_ Expanding Access to Financial Products and Services for Remittance Clients.PDF
Jan. 12, 2018
English

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