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Promoting Investment Opportunities and Financing for Regional Integration in the Countries of the Southern Cone
To support knowledge and dissemination activities with a focus on the identification, conceptualization and prioritization of regional integration projects and programs in the Southern Cone countries, enhancing the Bank's strategic positioning and its possibilities of financing and / or co-financing in the future.

Project Detail

Country

Regional

Project Number

RG-T3284

Approval Date

October 1, 2018

Project Status

Closed

Project Type

Technical Cooperation

Sector

REGIONAL INTEGRATION

Subsector

REGIONAL AND CROSS-BORDER COOPERATION

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 180,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 180,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-16951-RG Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-16951-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • 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
La integración de la Amazonía, 14.000 km de oportunidades
La Cumbre Amazónica del 8 y 9 de agosto representa un momento histórico al reunir a dignatarios de países amazónicos, comunidades locales y referentes de todos los sectores en la búsqueda de soluciones para los desafíos multidimensionales de esta región tan reconocida por su biodiversidad y su papel vital en la regulación climática global. Este
Publications
Published 2023
President's Report 2023
IDB Report of the President 2023.
Blogs
Published 2022
How Has the Pandemic Impacted Latin Americans’ Views on Regional Integration?
Has regional integration been affected in any way by the setbacks caused by the COVID-19 pandemic? This is one of the questions that inspired “The Voice of Latin America. Opinions on Regional Integration and Trade in Latin America” (Spanish), a new study according to which 71% of Latin Americans support regional integration, a figure on
Blogs
Published 2022
¿Cómo perciben los latinoamericanos la integración regional en tiempos de pandemia?
¿La integración regional fue afectada, de algún modo, por las vicisitudes de la pandemia? Este es uno de los interrogantes que impulsó la realización del estudio “La voz latinoamericana. Las percepciones de integración regional y comercio en América Latina”, según el cual el 71% de los latinoamericanos apoya la integración regional, cifra equivalente al resultado
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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