Skip to main content
Institutional Strengthening of Compartamos
The purpose of the project is to develop a loan portfolio system that is acceptable to the National Banking and Securities Commission (CNBV) in order to fulfill the final condition for obtaining a license to operate as a SOFOL.The project is divided into four components: (i) hardware and software, (ii) consulting work on product development and regulated entity reporting; (iii) systems support; and (iv) other items.

Project Detail

Country

Mexico

Project Number

TC9909009

Approval Date

May 16, 2000

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

PRIVATE FIRMS AND SME DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 360,000.00

Country Counterpart Financing

USD 240,000.00

Original Amount Approved

USD 120,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-6974-ME Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-6974-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • 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.
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.
Publications
Published 2023
President's Report 2023
IDB Report of the President 2023.
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.
Publications
Published 2023
Connexa: No. 20: Diciembre, 2023: síntesis trimestral de información y datos sobre integración y comercio
En esta edición de Connexa se presenta un resumen del desempeño del sector externo de América Latina y el Caribe (ALC) a lo largo de 2023, detallando el comportamiento de variables clave para las exportaciones de bienes como los precios de los productos básicos, la demanda global, los fletes y los tipos de cambio. Asimismo, se analiza el comportamiento de la inversión extranjera directa. En el ámbito de los acuerdos comerciales, se presentan los avances de la región en las negociaciones tanto intra como extrarregionales.
Publications
Published 2022
A roadmap to the mobility and logistics trends that are reshaping Latin America and the Caribbean
Today, governments are acutely aware that merely building new infrastructure is not the solution, and they are seeking the IDB Groups assistance in designing smarter transportation services that will meet their peoples expectations. This document describes the five broad shifts that are driving the IDB Groups transportation portfolio: (i) the social dimension of transportation services; (ii) new institutional and regulatory arrangements; (iii) logistics performance; (iv) secure resources for maintaining transport infrastructure, and (v) the digital transformation.
Publications
Published 2022
Building Effective Beneficial Ownership Frameworks: A Joint Global Forum and IDB Toolkit
The availability of beneficial ownership information on legal persons and arrangements is a key requirement of tax transparency and a key instrument in the fight against tax evasion and other financial crimes. The purpose of this toolkit is to present the various approaches to ensure the availability of beneficial ownership information in line with the exchange of information standards and to present some lessons learned from the peer reviews carried out by the Global Forum on Transparency and Exchange of Information for Tax Purposes. This toolkit should provide jurisdictions with relevant inputs to carry out their own internal assessment of the most suited methods for implementation, taking into account their unique legal, policy, and operational frameworks. The toolkit is not an end in itself. The IDB and the Global Forum Secretariat are available to complement the guidance contained in the toolkit by delivering tailored assistance to jurisdictions that need help in enhancing their beneficial ownership frameworks.
Powered by FindIT
Jump back to top