Skip to main content
Local Currency and Securities Market Financing for Microfinance Institutions
The project's purpose is to help Tier 2 and Tier 3 microfinance institutions to access domestic capital markets and local currency financing, in order to expand their operations to reach underserved populations. A fund will be established that will provide local currency lending and will underwrite debt placements of MFIs in the domestic (local currency) capital markets.

Project Detail

Country

Regional

Project Number

RG-M1236

Approval Date

July 17, 2013

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

Uncategorized Directive B.13

Total Cost

USD 980,000.00

Country Counterpart Financing

USD 450,000.00

Original Amount Approved

USD 530,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-13907-RG Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-13907-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1807789538-110
MIF_ Project Status Report ATN_ME-13907-RG [40690408].PDF
Published Sep. 30, 2016
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1807789538-109
MIF_ Project Status Report ATN_ME-13907-RG [40235622].PDF
Published Apr. 11, 2016
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1807789538-108
MIF_ Project Status Report ATN_ME-13907-RG [39868387].PDF
Published Sep. 22, 2015
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1807789538-107
MIF_ Project Status Report ATN_ME-13907-RG [39563217].PDF
Published Apr. 15, 2015
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1807789538-105
RESUMEN DEL PROYECTO FINANCIAMIENTO EN MONEDA LOCAL Y CCESO A LOS MERCADOS DE VALORES LOCALES PARA INSTITUCIONE [39544114].docx
Published Apr. 02, 2015
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1807789538-106
PROJECT SUMMARY LOCAL CURRENCY AND SECURITIES MARKET FINANCING FOR MICROFINANCE INSTITUTIONS IN LATIN AMERICA [39544344].docx
Published Apr. 23, 2015
Download
https://www.iadb.org/document.cfm?id=EZSHARE-912765775-3
MIF_ Project Status Report ATN_ME-13907-RG.pdf
Published Jun. 13, 2017
Download
https://www.iadb.org/document.cfm?id=EZSHARE-912765775-5
MIF Project Status Report-6-2017-ATN_ME-13907-RG - Rep6583.pdf
Published Oct. 02, 2017
Download
https://www.iadb.org/document.cfm?id=EZSHARE-912765775-6
MIF Project Status Report-12-2017-ATN_ME-13907-RG - Rep6921.pdf
Published May. 03, 2018
Download
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-99515427-5
Alianza estrategica para finanzas rurales en ALC.pdf
Published Nov. 10, 2017
Download

Have an Environmental or Social issue related to IDB projects? File a Complaint

Blogs
Published 2023
Datos, empresas de mujeres y acceso al financiamiento: ¿Qué aprendimos de Argentina?
Antes del año 2011 sabíamos muy poco sobre la inclusión financiera de las mujeres. Con la excepción del caso de Chile, la dinámica se repetía en la mayoría de los países. No se recolectaban, reportaban, ni se analizaban datos del sector financiero desagregados por sexo. En el 2011, con la publicación de la encuesta Global
Blogs
Published 2023
¿Un nuevo milagro? El potencial de la digitalización y la inclusión financiera en América Latina
América Latina y el Caribe ha dado un gran salto hacia el uso de las tecnologías digitales para ampliar la inclusión financiera. En ese sentido, existen motivos de optimismo: varias iniciativas en la región han ampliado la oferta de innovadores productos financieros digitales. En teoría, estos productos deberían impulsar el crecimiento inclusivo al permitir a
Datasets
Published 2023
IDB Project Procurement Contract Awards Data
This database compiles information on contract awards related to IDB financed, sovereign-guaranteed operations in Latin America and the Caribbean. This database spans information since 2010. Data can also be viewed at https://projectprocurement.iadb.org/en/awarded-contracts
Blogs
Published 2023
Cómo aprovechar las remesas del extranjero en favor de la inclusión financiera
Las transferencias financieras personales realizadas por migrantes en el extranjero —conocidas como remesas— son habituales en los países con altos niveles de migración económica. Sin embargo, en muchos casos las transferencias se producen fuera del sistema bancario. Esto impide a los receptores de remesas acceder a servicios financieros fiables, como el ahorro, el crédito o
Blogs
Published 2024
Boosting Financial Inclusion Among the Vulnerable
By 2021, only 31% of Chile’s country’s population over 15 had saved in a financial institution, with especially low rates among the very poor, depriving them of the benefits of a range of financial services, including savings accounts, credit, and insurance products. The issue of how to increase financial inclusion and, in the process,
Blogs
Published 2023
Examining the Effectiveness of a Financial Inclusion Reform in Uruguay
In 2014, Uruguay launched an ambitious financial inclusion program, joining other countries in the region that have sought to give citizens greater access to banking and financial services and encourage the use of electronic payments instruments that avoid the need for cash. Unbanked people in Uruguay, as in other countries of the region, had traditionally lacked
Blogs
Published 2023
A New Miracle? The Promises of Digitalization and Financial Inclusion in Latin America
Latin America and the Caribbean has made a big leap towards using digital technologies to expand financial inclusion, and there are reasons to be hopeful: Several initiatives in the region have expanded the supply of innovative digital financial products which, in theory, should untap inclusive growth by enabling millions of micro and small firms and
Blogs
Published 2024
Impulsando la inclusión financiera entre los vulnerables
En 2021, sólo el 31% de la población mayor de 15 años en Chile había ahorrado en una institución financiera, con tasas especialmente bajas entre los más pobres, lo que les priva de los beneficios de una serie de servicios financieros, como cuentas de ahorro, crédito y productos de seguros. La importancia de aumentar la
Blogs
Published 2022
Día de las Operaciones: lo que aprendimos de Barbados
¿Qué son los Días de las Operaciones del BID? Los Días de las Operaciones son una parte integral de Academia BID, la plataforma de conocimiento y aprendizaje del Grupo BID. El principal objetivo de estas jornadas es crear un espacio de colaboración y diálogo constructivo entre las Unidades Ejecutoras de Proyectos (UEP) dentro de un
Publications
Published 2022
Financial Inclusion and FinTech in Suriname
This paper examines the potential role FinTech can play to support Surinames financial inclusion efforts. Financial technologyor “FinTech”describes the integration of technology into financial services to improve their use and delivery to customers. More importantly, it has the potential to meet the needs of those population segments that are not the main target of traditional financial services models. FinTech applications include mobile banking, mobile money, point-of-sale, e-commerce, and digital currencies. These solutions have contributed to financial inclusion, strengthening financial development, economic growth, poverty reduction, and socioeconomic development. We find that Suriname is making progress in promoting the development and use of FinTech. Still, there is room for further improvement, especially in fostering an enabling environment to harness FinTech opportunities, strengthening broader financial sector policies, addressing potential risks, promoting international collaboration, and addressing critical country-specific challenges.
Powered by FindIT
Jump back to top