According to the bank, the objective of this operation is twofold: (i) To provide support to Governments across Latin America and the Caribbean (LAC) towards the enhancement of institutional capacity for Fintech ecosystem public actors and (ii) to collaborate with regulators, supervisors and other public entities in the origination and issuance of policies and regulations to foster and prudentially regulate Fintech ecosystems in the region. Its regional reach will also allow for the regulatory convergence and the creation of common principles for the ecosystem across the region.
ACCOUNTABILITY MECHANISM OF IADB
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).