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Honduras - Financial Sector Technical Assistance Credit (English)

Ratings for the Financial Sector Technical Assistance Credit Project for Honduras were as follows: outcomes was moderately satisfactory, risk to development outcome was moderate, Bank performance was moderately satisfactory, and Borrower performance was moderately unsatisfactory. The objective of the Project was to assist the Borrower to develop the institutional capacity it requires to be able to address the systemic vulnerabilities of its financial system, through: (a) the design and implementation of a banking sector consolidation program; (b) the reform of the Borrower's payment system; and (c) the improvement of selected aspects of the Borrower's financial system infrastructure. The principal lessons learned for Project design and implementation are as follows: (i) in an environment of limited implementation capacity, Project design should be as simple as possible; (ii) the largest project component in terms of financing, the modernization of the payment system, suffered from an incomplete and superficial diagnostic at inception and an overly complex design.; (iii) in low-income countries with limited implementation capacity, it is critical to plan for and expect longer-term International Development Association (IDA) engagements since these Projects often encounter adverse circumstances and delays; and (iv) IDA should agree up-front with government on the size and composition of the Project Coordination Unit (PCU) as well as the minimum experience and qualifications for each position.

Details

  • Document Date

    2013/09/17

  • Document Type

    Implementation Completion and Results Report

  • Report Number

    ICR2224

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Honduras,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2013/09/16

  • Disclosure Status

    Disclosed

  • Doc Name

    Honduras - Financial Sector Technical Assistance Credit

  • Keywords

    payment system;financial system;Financial Sector;Economic and Financial Management;purchase of goods and services;legal and regulatory framework;general ledger;banking sector;prudential regulation and supervision;high value payment system;Regulation and Competition Policy;economic and financial analysis;quality of bank asset;lender of last resort;private sector financial institutions;systemic banking crisis;procurement process;international standard;outputs by components;bank resolution process;allocation of fund;Capital Adequacy Ratio;access to finance;poverty reduction target;risk management system;banking system;corporate borrower;

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Citation

Honduras - Financial Sector Technical Assistance Credit (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/135801468254053299/Honduras-Financial-Sector-Technical-Assistance-Credit