Technical Assistance for Banking and Financial Services - Costa Rica

The goal of this project is to assist the GoCR 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 increasing the usage of secured transactions and movable asset collateral by: 1) assessing the current secured transactions regime and determining barriers to usage by financial institutions; 2) revising the legal and regulatory framework for secured transactions; and 3) designing a standard financial product to be offered under the secured transactions regime.