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Strengthening Savings and Credit Unions
It is estimated that around 65 of the remittances flow into marginalized areas of the country without formal financial infrastructure. The Mexican government has proposed the transformation of the Patronato del Ahorro Nacional (PAHNAL) into the Banco Nacional del Ahorro y Servicios Financieros (BANSEFI), which currently works as a second-tier bank for the participants in the Popular Savings and Loans Sector, providing financial services such as risk management, remittances or treasury and trust services This project is supporting the restructuring called for by the laws governing the low-income savings and loan sector so as to promote the orderly development of its institutions, while at the same time protecting domestic savings and an expansion of the financial services offered to small businesses and microenterprises. The project has three components: (i) technical assistance for 1,000 branches belonging to BANSEFI and four currently regulated cajas de ahorro (savings banks) to adapt to the provisions of the new laws; (ii) technological modernization of BANSEFI; and (iii) development of new savings products within BANSEFI. A special aim is to create a network to compete for remittances sent by Mexicans living abroad.

Project Detail

Country

Mexico

Project Number

TC0109002

Approval Date

February 20, 2002

Project Status

Closed

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

PUBLIC EXPENDITURE MANAGEMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 10,125,000.00

Country Counterpart Financing

USD 6,625,000.00

Original Amount Approved

USD 3,500,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/MT-7792-ME Non-Sovereign Guaranteed USD - United States Dollar Technical Cooperation Facility Nonreimbursable
Operation Number ATN/MT-7792-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Technical Cooperation Facility
  • Financial Instrument: Nonreimbursable

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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-465
Evaluacion final el programa de fortalecimiento del sector de entidades del sistema de ahorro y credito popular [35749865].PPTX
Published Dec. 31, 1999
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https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-466
Informes de progreso para los años 2006-2007 [35749998].PDF
Published Dec. 31, 1999
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https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-467
Informes de progreso para los años 2006-2007 [35750001].PDF
Published Dec. 31, 1999
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https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-468
Seminario de capacitacion de _La red de la gente__ [35750040].PDF
Published Dec. 31, 1999
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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-31
Project Abstract for MIF project TC0109002 - ATN_MT-7792-ME [1793104].PDF
Published Dec. 31, 1999
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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-464
Consulting Services [35236762].PDF
Published Dec. 31, 1999
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https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-463
Consulting Services [35236736].PDF
Published Dec. 31, 1999
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https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-1
Plan de Adquisiciones 2004 [289115].DOC
Published Dec. 31, 1999
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https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-7904
Strengthening Institutions in the Low-Income Savings and Loan Sector [417844].PDF
Published Dec. 31, 1999
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https://www.iadb.org/document.cfm?id=EZSHARE-1942975572-8254
Fortalecimiento del sector de entidades del sistema de ahorro y crédito popular [429133].PDF
Published Dec. 31, 1999
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