Latin America Financial Infrastructure (IFC-600865)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Investment Amount (USD)
$ 1.18 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 27, 2017

Disclosed by Bank Apr 17, 2017


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Project Description
The objective of this project is to facilitate access to credit for micro, small, and medium enterprises in Latin America. The major outcome of the project will be the establishment of modern collateral registries for security interests in movable property and credit bureaus in multiple countries in the region. The project's development impact is expected to facilitate over US$89 billion in financing and benefit over 393,000 micro, small and medium enterprises. Expected Development Impact The Latin America Financial Infrastructure Program, focusing on Secured Transactions and Collateral, Credit Information Systems and Insolvency reform will: 1) Develop legal and regulatory frameworks to support the implementation of a modern systems of financing secured by movable assets, credit reporting, and insolvency resolution. 2) Develop and procure web-based centralized collateral registries for security interests in movable property, guide regulators in supervising private credit bureaus. 3) Build awareness and local capacity to realize the greatest benefits of the systems.
People Affected By This Project
The Latin America Financial Infrastructure Program, focusing on Secured Transactions and Collateral, Credit Information Systems and Insolvency reform will: 1) Develop legal and regulatory frameworks to support the implementation of a modern systems of financing secured by movable assets, credit reporting, and insolvency resolution. 2) Develop and procure web-based centralized collateral registries for security interests in movable property, guide regulators in supervising private credit bureaus. 3) Build awareness and local capacity to realize the greatest benefits of the systems.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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