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TFFP Small Banks Outreach Initiative - 2nd Phase
The general objective of this technical cooperation is to increase the access to international markets for SMEs in Latin America and the Caribbean (LAC) and enable them to grow, create employment and wealth by taking advantage of opportunities arising from trade.

Project Detail

Country

Regional

Project Number

RG-T1757

Approval Date

October 8, 2009

Project Status

Closed

Project Type

Technical Cooperation

Sector

TRADE

Subsector

TRADE

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental Classification

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

Total Cost

USD 222,402.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 222,402.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/SF-11828-RG Non-Sovereign Guaranteed USD - United States Dollar Fund for Special Operations Nonreimbursable
Operation Number ATN/SF-11828-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Fund for Special Operations
  • Financial Instrument: Nonreimbursable
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
Courses
Published 2023
Acuerdos comerciales para fomentar las cadenas regionales de valor
¿Tienes una micro, pequeña o mediana empresa (mipyme) y buscas oportunidades para exportar o formar parte de las cadenas regionales y globales de valor? ¿Eres especialista en comercio y quieres profundizar más sobre los acuerdos comerciales modernos o los denominados megaregionales? Este curso te permitirá ahondar en el contenido de los acuerdos comerciales, su relevancia económica, política y social para el desarrollo, así como su vinculación con el fortalecimiento de las cadenas de valor en los países de la región. Asimismo, conocerás algunas de las herramientas disponibles, como la plataforma ConnectAmericas para que tu micro, pequeña o mediana empresa encuentre oportunidades de negocio en los mercados internacionales.
Blogs
Published 2023
How Labor Markets Adjust to Import Competition
When competition from abroad inflicts severe shocks on a country’s firms, the headlines are often about failing businesses and job losses. The shocks may come from different sources: trade reforms, competition from a foreign manufacturing powerhouse, or the entry of big retail chains from abroad. Although the trade shock is likely to bring a number
Publications
Published 2024
Sector de servicios una oportunidad para la diversificación productiva
La región andina se enfrenta no solo al desafío imperante de la descarbonización global, sino también a la problemática de la baja productividad en las micro y pequeñas empresas, lo cual impacta de manera significativa en la economía. Esta realidad subraya la necesidad urgente de superar las barreras de calidad para integrarse en cadenas de valores modernas. En este contexto, el sector de servicios, como principal empleador en la región, se revela como una pieza clave en la reconfiguración económica. La diversificación económica y el aumento de la productividad agregada se presentan como imperativos ineludibles. Las oportunidades para incrementar las exportaciones de servicios basados en conocimiento adquieren mayor relevancia, consolidando a la región andina como un actor significativo en el mercado internacional. En este proceso, el sector turístico emerge como un componente esencial para el desarrollo sostenible, aprovechando la rica biodiversidad y la geografía única de la región. Este potencial no solo promete un aumento en la atracción de visitantes, sino también una fuente vital de ingresos. A su vez, el auge de los servicios basados en plataformas digitales presenta nuevas oportunidades, aunque el desafío del aseguramiento social plantea una cuestión crucial en la transición hacia una economía más digitalizada y conectada. En resumen, la descarbonización global y la baja productividad en las micro y pequeñas empresas se perfilan como desafíos centrales para la economía de la región andina. Superar estas barreras se torna esencial para la consecución de un desarrollo económico sostenible y resistente, donde el sector de servicios desempeña un papel fundamental en la transformación y modernización de la región.
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%
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