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Tower Bank - TFFP
Promote trade finance activities in the region.

Project Detail

Country

Panama

Project Number

PN-L1065

Approval Date

March 10, 2010

Project Status

Closed

Project Type

Loan Operation

Sector

TRADE

Subsector

TRADE ADJUSTMENT ASSISTANCE

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

TFP (Trade Finance Facilitation Guarantee)

Facility Type

-

Environmental Classification

-

Total Cost

USD 5,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 5,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2311/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
3712A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
3816A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
4295A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
4538A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
4559A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
4663A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
4675A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
4708A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
4830A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
4884A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
4990A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
5074A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
5686A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
5695A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
TFP/PN-TOWEPNB Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Guarantee Financial Instrument
Operation Number 2311/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 3712A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 3816A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 4295A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 4538A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 4559A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 4663A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 4675A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 4708A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 4830A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 4884A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 4990A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 5074A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 5686A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 5695A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number TFP/PN-TOWEPNB
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Guarantee Financial Instrument
Blogs
Published 2023
Comercio para alimentar el mundo, una agenda estratégica para América Latina y el Caribe
América Latina y el Caribe (ALC) tiene una oportunidad única para atender el crecimiento esperado de la demanda agroalimentaria a nivel mundial.  La región representa el 14% de la producción mundial de alimentos y el 45% del comercio agroalimentario internacional neto[1]. Su importancia para sus propias economías es indiscutible: los sistemas agroalimentarios explican entre el
Publications
Published 2024
Taxation when Markets are not Competitive: Evidence from a Loan Tax
We study the interaction of market structure and tax-and-subsidy strategies utilizing pass-through estimates from the unexpected introduction of a loan tax in Ecuador, a quantitative model, and a comprehensive commercial-loan dataset. Our model generalizes bank competition theories, including Bertrand-Nash competition, credit rationing, and joint-maximization. While we find the loan tax is distortionary, neglecting the possibility of non-competitive lending inflates estimated tax deadweight loss by 80% because non-competitive banks internalize some of the burden. Conversely, subsidies are less effective in non-competitive settings. If competition were stronger, tax revenue would be 10% lower. The findings suggest that policymakers should consider market structure in tax-and-subsidy strategies.
Publications
Published 2024
The Promises of Digital Bank Accounts for Low-income Individuals
The push for adopting digital modes of payment rests on three promises: increased efficiency of transactions, increased financial inclusion, and improvements in the financial well-being of low-income individuals. We experimentally test the extent to which these promises are fulfilled. We exploit the random assignment into an intervention to encourage direct deposits of recurrent government benefits into digital bank accounts in Colombia. Switching from cash to direct deposits reduces disbursement errors and increases access to benefits among eligible beneficiaries. It also increases the ownership of bank accounts, the demand for formal loans, and loan take-up among individuals without a financial history. However, we do not find evidence of improvements in financial well-being across any of our metrics.
Courses
Published 2024
Gobierno Digital
La revolución digital ya está presente en muchos aspectos de nuestra vida, ¿y en nuestros gobiernos? Para seguir el ritmo de ciudadanos hiperconectados y del comercio que ahora es cada vez más digital, los gobiernos no se pueden quedar atrás. Muchos países tienen un alto nivel de interés: el 75% de gobiernos ya cuentan con una estrategia de gobierno digital. Sin embargo, estos esfuerzos no se han traducido a la práctica ya que en 2017, solo el 7% ciudadanos latinoamericanos hizo un trámite en línea.
Publications
Published 2023
MICI Reflections: Access to Remedy and Dispute Resolution: Contributions to the Conversation Based on MICI's Experience
The notion of remedy has gained importance and become a central issue on the international development agenda, despite accountability mechanisms and financial institutions have been subject to continued criticism in terms of their ability to provide effective remedy for communities claiming to be affected by development projects. This note aims to explore the role of alternative dispute resolution in access to remedy, and to specifically examine the contributions that MICIs Consultation Phase has made in providing solutions to communities that believe they have been adversely affected by IDB Group-financed development projects between 2017 and 2022.
Publications
Published 2022
Cross-Border Intra-Firm Trade and the Propagation of Idiosyncratic Shocks: A New Dataset
We study how disruptions in international production networks propagate across countries. We use comprehensive data on natural disasters around the globe over the last two decades from the EM-DAT and SHELDUS database to identify exogenous shocks to sourcing foreign inputs. We then trace out the effect of these shocks on activity of multinationals located in the United States. and their network of foreign affiliates using U.S. Bill of Lading microdata and data on domestic and international ownership linkages from Orbis. Our findings indicate that major natural disasters can have an economically significant negative impact even far from the directly affected areas. Furthermore, the strength of the propagation depends on whether the shocks led to disruptions in intra-firm or arms-length trade. This technical note provides detailed information on the construction of the novel dataset used in Alviarez et al. (2021).
Blogs
Published 2023
Trade to feed the world: A strategic agenda for Latin America and the Caribbean
Latin America and the Caribbean (LAC) has a unique opportunity to meet the expected growth in global demand for agrifood products. The region accounts for 14% of global food production and 45% of net international trade in agrifood products.[1] The importance of these products to LAC’s economies is undeniable: agrifood systems account for between 9%
Blogs
Published 2022
¿Cómo mejorar la gestión del comercio callejero en nuestras ciudades?
comercio callejero, comercio informal, comercio popular
Publications
Published 2022
Digital Technologies and Globalization: A Survey of Research and Policy Applications
In recent years, the world has witnessed the rise of multiple specific digital technologies, including online trade platforms, robotics, artificial intelligence (AI), 3D printing, cloud computing, blockchain, and financial technology (fintech). These digital technologies are fundamentally transforming the ways that firms and individuals — as both workers and consumers — communicate, search, trade, and invest. They are also substantially changing how governments design and implement trade and investment policies and programs and, in so doing, how they interact with firms, individuals, and each other. This paper reviews the growing empirical literature on the trade, investment, and broader development effects of the adoption of specific digital technologies. It also describes the policy applications of these technologies and discusses the incipient empirical literature on the impacts thereof. Based on this review, it identifies several open questions and avenues of future research that may be useful for deepening our understanding of digital technologies and their policy implications.
Publications
Published 2021
Revista Integración & Comercio: Año 25: No. 47: Diciembre 2021: Comercio e integración en el mundo post-COVID-19: Oportunidades y desafíos para América Latina y el Caribe
Esta revista, en su edición número 47, presenta ocho estudios elaborados a partir de un concurso realizado junto al Instituto Interdisciplinario de Economía Política de Buenos Aires (IIEP) de la Facultad de Ciencias Económicas de la Universidad de Buenos Aires (UBA), que abordan diferentes escenarios para el año 2030 en la región. Todos ellos tienen en cuenta los desafíos y oportunidades mencionados, y ofrecen reflexiones sobre la adopción de medidas de política necesarias para abordarlos. Por supuesto ALC se enfrenta con muchos otros retos en la actualidad, pero estos son algunos de los análisis necesarios que se deben formular para avanzar hacia ese objetivo y llegar al año 2030 habiendo podido hacer frente a los desafíos planteados, es fundamental profundizar los procesos de integración regional; incorporar la economía digital en la producción y el comercio; adoptar perspectiva de género para desarrollar estructuras comerciales más inclusivas; y abordar la cuestión ambiental de manera que el comercio internacional contribuya a mitigar la crisis climática.
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