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Financial Solutions for the Latin America and the Caribbean countries
The objective of the Technical Cooperation (TC) is to support the public sector stakeholders of the LAC in the design, preparation, structuring an implementation of solutions that foster financing for development objectives, though the structures that will optimize the use of public resources and/or that mobilize private investment for those purposes. The TC will finance studies and consultancy services focused on the strengthening of the public sector institutional capacity, including among others: (i) the effectiveness of guarantee instruments, contingent lines of credit and deferred disbursement lines of credit; (ii) the promotion of participation of capital markets; (iii) the development of an integrative risk financing management for natural desasters; and (iv) the corresponding communication strategy, dissemination, standard formulation and best practices of the previous mentioned activities.

Project Detail

Country

Regional

Project Number

RG-T3620

Approval Date

December 11, 2020

Project Status

Implementation

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

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 500,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 500,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-18462-RG Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-18462-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-1701860365-6
financial-solutions-for-development-national-infrastructure-platforms.pdf
Published Dec. 22, 2022
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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-435533024-19
Plan de Adquisiciones_8840.pdf
Published Dec. 17, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-435533024-20
Documento de CT - Divulgación_45415.pdf
Published Dec. 17, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-435533024-17
Matriz de Resultados_79967.pdf
Published Dec. 17, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-435533024-18
Términos de Referencia_82079.pdf
Published Dec. 17, 2020
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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-435533024-4
TC ABSTRACT - Soluciones Financieras para los Países de Latinoamérica y el Caribe - RG-T3620.pdf
Published Aug. 18, 2020
Download

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Blogs
Published 2023
Datos, empresas de mujeres y acceso al financiamiento: ¿Qué aprendimos de Argentina?
Antes del año 2011 sabíamos muy poco sobre la inclusión financiera de las mujeres. Con la excepción del caso de Chile, la dinámica se repetía en la mayoría de los países. No se recolectaban, reportaban, ni se analizaban datos del sector financiero desagregados por sexo. En el 2011, con la publicación de la encuesta Global
Blogs
Published 2023
¿Un nuevo milagro? El potencial de la digitalización y la inclusión financiera en América Latina
América Latina y el Caribe ha dado un gran salto hacia el uso de las tecnologías digitales para ampliar la inclusión financiera. En ese sentido, existen motivos de optimismo: varias iniciativas en la región han ampliado la oferta de innovadores productos financieros digitales. En teoría, estos productos deberían impulsar el crecimiento inclusivo al permitir a
Blogs
Published 2023
Cómo aprovechar las remesas del extranjero en favor de la inclusión financiera
Las transferencias financieras personales realizadas por migrantes en el extranjero —conocidas como remesas— son habituales en los países con altos niveles de migración económica. Sin embargo, en muchos casos las transferencias se producen fuera del sistema bancario. Esto impide a los receptores de remesas acceder a servicios financieros fiables, como el ahorro, el crédito o
Blogs
Published 2024
Boosting Financial Inclusion Among the Vulnerable
By 2021, only 31% of Chile’s country’s population over 15 had saved in a financial institution, with especially low rates among the very poor, depriving them of the benefits of a range of financial services, including savings accounts, credit, and insurance products. The issue of how to increase financial inclusion and, in the process,
Blogs
Published 2023
Examining the Effectiveness of a Financial Inclusion Reform in Uruguay
In 2014, Uruguay launched an ambitious financial inclusion program, joining other countries in the region that have sought to give citizens greater access to banking and financial services and encourage the use of electronic payments instruments that avoid the need for cash. Unbanked people in Uruguay, as in other countries of the region, had traditionally lacked
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
Blogs
Published 2024
Impulsando la inclusión financiera entre los vulnerables
En 2021, sólo el 31% de la población mayor de 15 años en Chile había ahorrado en una institución financiera, con tasas especialmente bajas entre los más pobres, lo que les priva de los beneficios de una serie de servicios financieros, como cuentas de ahorro, crédito y productos de seguros. La importancia de aumentar la
Publications
Published 2022
Financial Inclusion and FinTech in Suriname
This paper examines the potential role FinTech can play to support Surinames financial inclusion efforts. Financial technologyor “FinTech”describes the integration of technology into financial services to improve their use and delivery to customers. More importantly, it has the potential to meet the needs of those population segments that are not the main target of traditional financial services models. FinTech applications include mobile banking, mobile money, point-of-sale, e-commerce, and digital currencies. These solutions have contributed to financial inclusion, strengthening financial development, economic growth, poverty reduction, and socioeconomic development. We find that Suriname is making progress in promoting the development and use of FinTech. Still, there is room for further improvement, especially in fostering an enabling environment to harness FinTech opportunities, strengthening broader financial sector policies, addressing potential risks, promoting international collaboration, and addressing critical country-specific challenges.
Publications
Published 2021
2020 IDB Climate Finance
Under the current IDBG Corporate Results Framework (CRF) 2020-2023 (https://crf.iadb.org/en), the IDB committed to reach 30% of the total amount approved (including all lending operations) of climate finance during this period. In 2020, the IDB Group - composed of the IDB, IDB Lab (formerly the Multilateral Investment Fund) and IDB Invest - approved US$3.9 billion in climate finance as per the MDB climate finance tracking methodology. This resource is aimed at development activities carried out by the public and private sectors that reduce greenhouse gas (GHG) emissions and thus mitigate climate change, and/or that reduce vulnerability to climate change and contribute to an adaptation process. This amount represented 19.5% of the IDB Groups total approved amount for 2020. The IDB only climate finance in 2020 was 15%, equivalent to US$ 2 billion. If the COVID-19 related investments are excluded, the IDB climate finance reached 30%. Changes in demand from countries to respond to the pandemic affected the overall climate finance results by shifting the priority to social and fiscal sectors and to projects that could provide faster liquidity.
Publications
Published 2020
2019 IDBG Climate Finance Data
At the IDB Groups Annual Meeting in 2016, the Board of Governors endorsed the goal to increase finance of climate change-related projects in the Latin American and Caribbean region to 30% of the IDBs and IICs combined total approvals by 2020, subject to demand from borrowing member countries and clients, and access to external sources of concessional finance. During 2019, the IDB Group - composed of the IDB, IDB Lab (formerly the Multilateral Investment Fund) and IDB Invest - approved approximately US$5 billion in climate finance, that is, for development activities carried out by the public and private sectors that reduce greenhouse gas (GHG) emissions and thus mitigate climate change, and/or that reduce vulnerability to climate change and contribute to an adaptation process. This amount represented 29% of the IDB Groups total approved amount for 2019.
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