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Social Responsibility of SMEs in LAC
The principal objective is to expand the knowledge base of the social and environmental responsibility situation in SMEs in Latin America and the Caribbean. As a result, more information will be available to decide on the role that the Bank should play to contribute to the dissemination and adoption of responsible practices in the Region as well as to the design and implementation of the projects that may be executed on social responsibility.

Project Detail

Country

Regional

Project Number

RG-T1026

Approval Date

April 27, 2004

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

CORPORATE SOCIAL RESPONSIBILITY

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 150,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 150,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/SF-8692-RG Sovereign Guaranteed USD - United States Dollar Fund for Special Operations Nonreimbursable
Operation Number ATN/SF-8692-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Fund for Special Operations
  • Financial Instrument: Nonreimbursable
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.
Blogs
Published 2023
Superhéroes del Desarrollo 2023: aprendizajes que impactan vidas
5 minutos de lectura. Tras varios años de virtualidad, el viernes 27 de octubre volvió a suceder de manera presencial el evento de premiación del trabajo de los equipos ejecutores, es decir, de aquellas contrapartes que en el terreno hacen realidad los proyectos de desarrollo apoyados por el Banco Interamericano de Desarrollo (BID). Es así
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.
Blogs
Published 2023
Semana de Conocimiento 2023 ¡No te la pierdas!
5 minutos de lectura. Del 23 al 27 de octubre, el Banco Interamericano de Desarrollo (BID) convoca a la Semana de Conocimiento 2023, un evento que reunirá a expertos de renombre mundial para explorar el papel fundamental del conocimiento en la generación de riqueza y su poder transformador en el desarrollo económico y social. Esta
Blogs
Published 2023
Cómo aliviar la crisis de crédito para las pequeñas y medianas empresas
Las pequeñas y medianas empresas (pymes) constituyen la inmensa mayoría de las empresas formales, y contribuyen con cerca del 50% del empleo formal en el país promedio en América Latina y el Caribe, e incluso con cerca del 80% en algunos casos. Sin embargo, a pesar de su enorme importancia para la economía de la
Blogs
Published 2023
Easing the Credit Crunch on Small and Medium-Sized Enterprises
Small and medium-sized enterprises (SMEs) comprise the overwhelming majority of formal businesses and create around half of formal employment for the average country in Latin America and the Caribbean, with that percentage rising to 80% in some cases. Yet, despite their immense importance to the economy of the region, these firms consistently struggle to get
Publications
Published 2023
President's Report 2023
IDB Report of the President 2023.
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
Publications
Published 2024
Latin America and the Caribbean Standardized Public Debt Database: Data as of June 2023
This database compiles current standardized statistics on sovereign debt issuances for the Latin American and Caribbean (LAC) region and contains biannual data starting in 2006 through June 2023. Sovereign debt data is classified by legislation, creditor, currency, and maturity, among other areas, for 26 LAC countries. The availability of valid, comparable, and standardized public debt data is essential for the implementation of sound policies. As such, at the core of the LAC Debt Group initiative is the development of a standardized sovereign debt database to help debt managers, policymakers, and other actors of financial markets analyze the evolution and composition of public debt in the region and conduct cross-country comparisons. LAC public debt offices provided the data in response to a questionnaire specifically designed to allow comparability. The questionnaire, whose response is non-compulsory, is intended to compile current standardized statistics for objective and homogeneous definitions of public debt.
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