Thanks to this operation, Banco Promerica improved people's lives, helped many SMEs successfully navigate the pandemic, and contributed to the economic and social development of the region. It was an unprecedented initiative.
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For most women-led MSMEs simply getting a loan is a struggle. What happens to those that do? Do their businesses grow and create jobs? For banks in the region, capturing information about the impact of these loans can help them better serve women and tap into the growing impact investing market.
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In recent years, financial authorities across the globe have been looking at ways to move away from the Libor reference rate, and multiple solutions have been proposed. A switch to the more reliable SOFR rate is in the works and will be completed by June 2023.
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Open banking, allowing third-party service providers to access financial data from financial institutions through APIs, is growing rapidly thanks to secular global trends and the region’s thirst for innovation.
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We present three selected IDB Group blog entries, on nearshoring in Costa Rica, a survey on taxation in Latin America and the Caribbean, and a call for research on gender gaps in the region.
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We present three selected IDB Group blog entries, on the need for a fiscal strategy for the region to emerge from the coronavirus crisis, the cost of crime in El Salvador and the importance of exports
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