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Establishment of Credit Bureau in the Eastern Caribbean Currency Union
The objective of this project is to strengthen the capacity of the Eastern Caribbean Central Bank (ECCB) to regulate and supervise a private credit bureau for the Eastern Caribbean Currency Union (ECCU) to become established no later than December 2019. According to the World Bank's Doing Business ranking for 2018, Grenada and Dominica were ranked at 142 while St Vincent and the Grenadines, St Lucia, St Kitts and Nevis, and Antigua and Barbuda were ranked 159 out of 190 economies with respect to Getting Credit. Using the World Bank's Doing Business Methodology, the ranking for Getting Credit in ECCU member countries can improve through (a) reforms related to secured transactions and insolvency; and/or (b) creating improvement in the reporting of credit information. The focus of this project is on the latter.

Project Detail

Country

Regional

Project Number

RG-T3365

Approval Date

May 1, 2019

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 180,000.00

Country Counterpart Financing

USD 30,000.00

Original Amount Approved

USD 150,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/CO-17323-RG Sovereign Guaranteed USD - United States Dollar Compete Caribbean Partnership Facility Nonreimbursable
Operation Number ATN/CO-17323-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Compete Caribbean Partnership Facility
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1132444900-23627
RG-T3365 1220.pdf
Published Sep. 26, 2019
Download
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-6534
Agreement - Establishment of Credit Bureau in the Eastern Caribbean Currency Union.pdf
Published Aug. 28, 2019
Download

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