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CAsA
Programa de Desarrollo de Capacidades, Gestión de Activos y Servicios de Asesoría (CASA)
A woman holding a child on her back. Capital Markets - Inter-American Development Bank - IDB

El Programa Piloto de Creación de Capacidad, Gestión de Activos y Servicios de Asesoramiento (CASA) se centra en mejorar la capacidad para gestionar carteras denominadas en moneda extranjera, así como los mercados de capital y el desarrollo de productos de los países miembros prestatarios.

A través de asistencia técnica personalizada, capacitación especializada y cursos, el programa busca fomentar el desarrollo de capacidades institucionales bajo un modelo de recuperación de costos.

Actualmente, para participar en el programa, el BID y la institución firman un acuerdo para gestionar por una tarifa competitiva un mandato de cartera. La tarifa cubre el costo de gestión de la cartera del BID y las tarifas restantes cubren el desarrollo de capacidades y los servicios de asesoramiento. 

El Programa cuenta con dos líneas de trabajo incluidas en la estrategia empresarial desarrollada por la Dirección, estas son:

  • La Gestión de Activos lleva a cabo dichas actividades de acuerdo con un mandato discrecional, en el que el BID trabaja con el participante a medida que define los objetivos de inversión, el tipo de cartera, las pautas de inversión y un punto de referencia antes de iniciar cualquier inversión.
  • Los Servicios de Fortalecimiento de Capacidades y Asesoría ayudan a fortalecer o desarrollar la capacidad institucional de los países miembros prestatarios del BID a través de la transferencia de conocimientos y prácticas específicas relacionadas con los mercados financieros de capital y la gestión de activos e instrumentos financieros denominados en moneda extranjera mediante el aprovechamiento de las propias capacidades internas de gestión de activos del BID y su experiencia en mercados de capitales. 
Asset Management
A woman pointing at a map on a screen. Financial markets - Inter-American Development Bank - IDB
Our Qualifications

Over 60 years of institutional experience in global capital markets and well-established capabilities managing high-grade, fixed income portfolios on a global basis. 

In recent years, the IDB managed around $40 billion considering its own and third-party funds. The Bank offers technical expertise in financial instruments across multiple sectors such as: Governments, Inflation Linked, Sub-sovereigns, Supranationals, Agencies, and High-Grade Corporates among others. 

IDB’s top professional staff from our region has a profound understanding of our member countries’ needs.

A group of people looking at a tablet. Investment - Inter-Amercian Development Bank - IDB
Our Development Objectives

To help develop or strengthen the institutional capacity of our region’s Central Banks and Official Institutions in the management of their international investment portfolios. 

In line with these organizations, the IDB maintains a clear focus on the preservation of capital and liquidity in all its investment activities. IDB’s Asset Management services will follow discretionary mandates in areas in which it has expertise, taking into consideration multiple risk and return factors. 

The IDB will work with participants as they define investment guidelines and objectives, applicable benchmarks, and broad portfolio considerations. Strategies could focus on a specific type of asset or follow a diversified mix of fixed income asset types as described above.

A person holding a pen and looking at a laptop screen. Inter-Amercian Development Bank - IDB
Our value Preposition

The CASA Program allows participants to gain access to top experts in the broad range of portfolio management functions in the main languages of the region, promoting the adoption of robust asset management practices through additional training and knowledge-sharing activities. 

Efficient portfolio construction and diversification on multiple levels (i.e. asset class, sector, counterparty, manager) are the main benefits participants can expect through practical real-world applications. 

As the practical side of CASA's overall capacity-building objective, participants would be able to see how experienced investment professionals manage their portfolios under their own risk appetite and investment guidelines. They would also receive: Quarterly market and portfolio updates through virtual communication, and one on-site visit to present Annual Investment Results.

Advisory

More efficient management of foreign currency-denominated portfolios (such as international reserves, public wealth funds, etc.) in Latin American and Caribbean nations has a significant impact on the region's economic growth, and development, as well as financial stability and resilience. For instance, well-managed foreign reserves portfolios serve as a financial cushion, protecting regional economies from internal or external shocks. Similarly, well-managed wealth funds provide additional income that increases national wealth or allows for generational transfers.

The CASA Program helps to develop or strengthen the institutional capacity of our region’s Central Banks and Official Institutions in the management of their international investment portfolios.

A woman sitting at a table with a laptop and a book. Economic Development - Inter-American Development Bank - IDB
Capacity Building and Advisory Services

The Capacity Building and Advisory Services assist in strengthening or developing the institutional capacity of IDB borrowing member countries through the transfer of specific knowledge and practices related to financial capital markets and the Management of foreign currency-denominated financial assets and instruments by leveraging IDB's own internal asset management capabilities and capital markets expertise.

The Capacity Building, Asset Management and Advisory Services Program (CASA) focuses on enhancing the capacity to manage foreign currency-denominated portfolios, as well as capital markets and product development of borrowing member countries. Through customized technical assistance, specialized training, and courses the program seeks to foster the development of institutional capacity under a cost recovery model.

Currently, to participate in the program, the IDB and the institution sign an agreement to manage for a competitive fee a portfolio mandate. The fee covers the IDBs cost of managing the portfolio and the remaining fees covers the capacity building and advisory services.  

 

A woman and a man looking at a laptop. Consulting - Inter-American Development Bank - IDB
Capacity Building and Advisory Services Delivery Mechanism

The CASA Program offers a range of technical assistance services and delivery mechanisms. Example of this technical assistance includes determining the structural positioning of the portfolios through a Strategic Asset Allocation that adequately reflects the participant's institutional objectives or supporting the development of the liquidity policy of national deposit insurance portfolios.

A key step is the in-depth assessment of the participant's current and future states, as well as the corresponding gap which in turn determines the work plan to be developed during their participation in the CASA Program. The latter is delivered through on-site or virtual technical missions, specialized fellowships with IDB subject matter experts at Headquarter, virtual training sessions, external courses, and access to sophisticated quantitative analytical tools deliver through a web infrastructure.

Two people sowing a small plant. Development - Inter-American Development Bank - IDB
Advisory Services

Advisory support will be available for CASA participants and will be aimed to help them identify and implement a robust governance and asset allocation framework with superior risk-return metrics within their conservative risk appetite and institutional objectives. 

Related Research
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IDB Research
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A close-up of a graph. Financing - Inter-American Development Bank - IDB
Federal Reserve Bank Of Atlanta Research

The Research Department of the Federal Reserve Bank of Atlanta publishes a working paper series to convey the research of staff economists and visiting scholars and stimulate professional discussion and exploration of economic and financial subjects.

Ver más
A woman sitting at a desk with a laptop. Funding - Inter-American Development Bank - IDB
European Central Bank (ECB)

The goal of economic research at the ECB is to provide a strong conceptual and empirical basis for policy-making and to better communicate policy to the markets and the public.

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Asset Management
A woman pointing at a map on a screen. Financial markets - Inter-American Development Bank - IDB
Our Qualifications

Over 60 years of institutional experience in global capital markets and well-established capabilities managing high-grade, fixed income portfolios on a global basis. 

In recent years, the IDB managed around $40 billion considering its own and third-party funds. The Bank offers technical expertise in financial instruments across multiple sectors such as: Governments, Inflation Linked, Sub-sovereigns, Supranationals, Agencies, and High-Grade Corporates among others. 

IDB’s top professional staff from our region has a profound understanding of our member countries’ needs.

A group of people looking at a tablet. Investment - Inter-Amercian Development Bank - IDB
Our Development Objectives

To help develop or strengthen the institutional capacity of our region’s Central Banks and Official Institutions in the management of their international investment portfolios. 

In line with these organizations, the IDB maintains a clear focus on the preservation of capital and liquidity in all its investment activities. IDB’s Asset Management services will follow discretionary mandates in areas in which it has expertise, taking into consideration multiple risk and return factors. 

The IDB will work with participants as they define investment guidelines and objectives, applicable benchmarks, and broad portfolio considerations. Strategies could focus on a specific type of asset or follow a diversified mix of fixed income asset types as described above.

A person holding a pen and looking at a laptop screen. Inter-Amercian Development Bank - IDB
Our value Preposition

The CASA Program allows participants to gain access to top experts in the broad range of portfolio management functions in the main languages of the region, promoting the adoption of robust asset management practices through additional training and knowledge-sharing activities. 

Efficient portfolio construction and diversification on multiple levels (i.e. asset class, sector, counterparty, manager) are the main benefits participants can expect through practical real-world applications. 

As the practical side of CASA's overall capacity-building objective, participants would be able to see how experienced investment professionals manage their portfolios under their own risk appetite and investment guidelines. They would also receive: Quarterly market and portfolio updates through virtual communication, and one on-site visit to present Annual Investment Results.

Advisory

More efficient management of foreign currency-denominated portfolios (such as international reserves, public wealth funds, etc.) in Latin American and Caribbean nations has a significant impact on the region's economic growth, and development, as well as financial stability and resilience. For instance, well-managed foreign reserves portfolios serve as a financial cushion, protecting regional economies from internal or external shocks. Similarly, well-managed wealth funds provide additional income that increases national wealth or allows for generational transfers.

The CASA Program helps to develop or strengthen the institutional capacity of our region’s Central Banks and Official Institutions in the management of their international investment portfolios.

A woman sitting at a table with a laptop and a book. Economic Development - Inter-American Development Bank - IDB
Capacity Building and Advisory Services

The Capacity Building and Advisory Services assist in strengthening or developing the institutional capacity of IDB borrowing member countries through the transfer of specific knowledge and practices related to financial capital markets and the Management of foreign currency-denominated financial assets and instruments by leveraging IDB's own internal asset management capabilities and capital markets expertise.

The Capacity Building, Asset Management and Advisory Services Program (CASA) focuses on enhancing the capacity to manage foreign currency-denominated portfolios, as well as capital markets and product development of borrowing member countries. Through customized technical assistance, specialized training, and courses the program seeks to foster the development of institutional capacity under a cost recovery model.

Currently, to participate in the program, the IDB and the institution sign an agreement to manage for a competitive fee a portfolio mandate. The fee covers the IDBs cost of managing the portfolio and the remaining fees covers the capacity building and advisory services.  

 

A woman and a man looking at a laptop. Consulting - Inter-American Development Bank - IDB
Capacity Building and Advisory Services Delivery Mechanism

The CASA Program offers a range of technical assistance services and delivery mechanisms. Example of this technical assistance includes determining the structural positioning of the portfolios through a Strategic Asset Allocation that adequately reflects the participant's institutional objectives or supporting the development of the liquidity policy of national deposit insurance portfolios.

A key step is the in-depth assessment of the participant's current and future states, as well as the corresponding gap which in turn determines the work plan to be developed during their participation in the CASA Program. The latter is delivered through on-site or virtual technical missions, specialized fellowships with IDB subject matter experts at Headquarter, virtual training sessions, external courses, and access to sophisticated quantitative analytical tools deliver through a web infrastructure.

Two people sowing a small plant. Development - Inter-American Development Bank - IDB
Advisory Services

Advisory support will be available for CASA participants and will be aimed to help them identify and implement a robust governance and asset allocation framework with superior risk-return metrics within their conservative risk appetite and institutional objectives. 

Related Research
A magnifying glass on a graph. Finance - Inter-American Development Bank - IDB
IDB Research
Ver más
A close-up of a graph. Financing - Inter-American Development Bank - IDB
Federal Reserve Bank Of Atlanta Research

The Research Department of the Federal Reserve Bank of Atlanta publishes a working paper series to convey the research of staff economists and visiting scholars and stimulate professional discussion and exploration of economic and financial subjects.

Ver más
A woman sitting at a desk with a laptop. Funding - Inter-American Development Bank - IDB
European Central Bank (ECB)

The goal of economic research at the ECB is to provide a strong conceptual and empirical basis for policy-making and to better communicate policy to the markets and the public.

Ver más

Contacta con nosotros y te responderemos lo antes posible.

casabid@iadb.org                |            +1 202 623 2333

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