Technical Assistance for Banking and Financial Services - Dominican Republic

The goal of the project is to assist the GoDR with creating an enabling environment that facilitates increased access to financial services, particularly for small borrowers and MSMEs, in support of inclusive, private sector-led economic growth.

Project components will focus on: 1) developing a National Financial Inclusion Strategy with prioritized goals; 2) developing a legal and operational framework for secured transactions; 3) establishing a legal framework for factoring and leasing; 4) enhancing the financial sector legal and regulatory framework to support increased access to safe, transparent financial services; 5) establishing a regulatory sandbox to promote financial sector innovation and strengthen capacity to ensure proper oversight of financial sector innovators; and 6) strengthening CBDR's cybersecurity institutional capacity.