The objective of this operation is to support the enhancement of digital payments in Venezuela. This objective would be achieved by: (i) supporting the identification and implementation of public sector actions that enable or promote private sector solutions to solve specific pain-points in payment systems, with an emphasis on solutions targeting the unbanked, lower income households in remote areas, and micro or small-scale enterprises; and (ii) providing regulatory technical support, particularly in terms of digital payment interoperability, and facilitating institutional strengthening and capacity building activities in both the BVC and the Superintendence of Banking Sector Institutions (Sudeban). These actions, particularly the regulatory aspects, are critical for future implementations of G2P programs and therefore there is a close coordination with the Social Protection Division of the Bank

Project Detail

Country

Venezuela

Project Number

VE-T1077

Approval Date

September 30, 2019

Project Status

Implementation

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 75,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 75,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-17609-VE Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-17609-VE
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

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 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1194772042-16
TC Abstract
TC Abstract - Enhancing Digital Payments in Venezuela VE-T1077.pdf
Sep. 05, 2019
English
 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1194772042-20
TC Document
Results Matrix_69902.pdf
Oct. 01, 2019
English
https://www.iadb.org/document.cfm?id=EZSHARE-1194772042-22
TC Document
Procurement Plan_96613.pdf
Oct. 01, 2019
English
https://www.iadb.org/document.cfm?id=EZSHARE-1194772042-24
TC Document
TC Document - Disclosure_94517.pdf
Oct. 01, 2019
English

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