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Support to the Development of Fintech Institutional Frameworks, Policies and Regulations in LAC
The objective of this operation is twofold: (i) provide support to Governments across Latin America and the Caribbean (LAC) towards the enhancement of institutional capacity for FinTech ecosystem public actors; and (ii) collaborate with regulators, supervisors and other public entities in the improvement of policies and regulations for the FinTech ecosystems in the region. Its regional reach will also allow for the regulatory convergence and the creation of common principles for the ecosystem across the region.

Project Detail

Country

Regional

Project Number

RG-T3280

Approval Date

November 5, 2018

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

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

Total Cost

USD 400,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 400,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-17042-RG Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-17042-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1783985915-36
sandbox-regulatorio-multi-jurisdiccional-para-america-latina-y-el-caribe.pdf
Published May. 27, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-1783985915-5
instrumentos-de-financiamiento-para-las-mipyme-en-alc-durante-el-covid19.pdf
Published Jun. 22, 2020
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1783985915-2
msme-financing-in-latin-america-and-the-caribbean-during-and-after-covid-19.pdf
Published Jun. 22, 2020
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Published 2023
Independent Country Program Review (ICPR) Implementation Guidelines
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Breve 24. The pharmaceutical price regulation in El Salvador
His policy brief is based on a webinar presented by Luis Alejandro Rivera, Chief of the Pricing Unit at the Dirección Nacional de Medicamentos (National Directorate of Medicines DNM) in El Salvador. The presentation was given on July 2019. Rising prices of medications are a global concern as healthcare expenditures soar and more patients are unable to access the medicines they need. El Salvador has managed to control and lower the price of prescription medicines for both innovator and generic medicines, while maintaining a well-functioning and cost-saving pharmaceutical market. This publication presents takeaways, such as price setting methods, the identification of appropriate market segments, and the introduction of online monitoring platforms, so that other policymakers may use them when introducing price regulation in their own pharmaceutical markets.
Blogs
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¿Cuál es el estado de la calidad regulatoria en América Latina y el Caribe?
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Public Consultations: Step by Step: 300 Regulatory and Legal Frameworks Applicable in Latin America and the Caribbean
This publication provides precise guidance on how to conduct public consultations with stakeholders. It also brings together more than 300 regulatory frameworks in Latin America and the Caribbean to conduct public consultations in the sectors of mining, fisheries, forestry, infrastructure, energy and environmental impact assessment system. Special treatment is given to the legislation and regulations applicable to the free, prior and informed consultation of the ILO 169 for indigenous peoples, including disaggregation for the same sectors previously mentioned.
Publications
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Rethinking the Global Microscope for Financial Inclusion: 2021 Key Findings Report
The Global Microscope is a benchmarking index that has assessed the enabling environment for financial inclusion across 55 countries since 2007. This year, the Economist Impact team conducted an assessment of the index's existing data (2007-20) to understand the relationship between key financial inclusion enablers (i.e. policies, regulation and infrastructure) and financial inclusion outcomes. This report discusses the policies that have driven change, the priorities to keep in mind for the future, the tools that will help achieve these goals and the unique ways these priorities and tools apply across different parts of the financial system. Below we summarize our key findings: - A higher overall Global Microscope score showed a positive relationship with the number of accounts with formal financial institutions and mobile money providers among the population. - The Infrastructure domain had the strongest relation to account ownership, documenting the positive effects on inclusion from policies facilitating the expansion of payment systems, strong digital identification regimes, widespread connectivity, and robust credit information systems. The other four domains are Government and Policy Support, Stability and Integrity, Products and Outlets, and Consumer Protection. - Consumer Protection was also positively linked to the prevalence of bank accounts, underscoring the importance of measures to ensure that financial consumers are treated fairly across the range of distribution channels and products. - The magnitude and quality of regulatory implementation significantly impacts financial inclusion. Larger regulatory improvements were associated with increasingly larger gains in account ownership. * The opinions expressed in this work are those of the authors and do not necessarily reflect the views of the IDB, its Board of Directors or the countries they represent, nor of the MIF Donors Committee or the countries it represents.
Publications
Published 2021
Independent Country Program Review Suriname 2016-2020
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