LINKING SOCIAL PROTECTION PAYMENTS TO SAVINGS

The goal of this Program is to increase the availability of financial products and services targeted to low income populations. The purpose is to establish the business case for the development and implementation of liquid and contractual savings products targeted to recipients of conditional cash transfers or other social protection payments in the LAC region. The expected outcomes of this Program are: (i) 136,000 CCT recipients access liquid or contractual savings accounts; (ii) an additional 45,000 low income people access, for the first time; and (iii) 14 Financial Institutions (FIs) offer liquid savings accounts for transactions purposes and/or contractual savings for capital accumulation.

Project Detail

Country

Regional

Project Number

RG-X1108

Approval Date

May 18, 2011

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MARKET DEVELOPMENT AND FUNCTIONING

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 1,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,000,000.00

Financial Information

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-124691562-32716

Annual Project Audited Financial Statement

EFAs [40645256].PDF

Sep. 06, 2016

Spanish