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Deposit Insurance Strengthening Project

Sector: Government • Location: Bulgaria

Source: World Bank Group

Project
Closed

The development objective of the Deposit Insurance Strengthening Project for Bulgaria is to strengthen the financial and institutional capacity of the Bulgarian deposit insurance fund (BDIF) so as to enable it to meet its deposit insurance and bank resolution obligations. The project will have a single component, DIF. Such expenditure meets the productive use requirements as financing of a deposit

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Project Information

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The project “Deposit Insurance Strengthening Project” is an infrastructure initiative in the Government sector, located in Bulgaria. Taiyo aggregates data on it from World Bank Group.

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Participants

Sponsoring Agency

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Status

Original status

closed

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Email

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Description

Description

The development objective of the Deposit Insurance Strengthening Project for Bulgaria is to strengthen the financial and institutional capacity of the Bulgarian deposit insurance fund (BDIF) so as to enable it to meet its deposit insurance and bank resolution obligations. The project will have a single component, DIF. Such expenditure meets the productive use requirements as financing of a deposit insurance scheme helps increase confidence in the financial system. This is likely to lead to increased deposits in the banking sector, which can be utilized for financing investment lending and other forms of productive economic activity. The Bank has financed deposit insurance schemes through investment project financing (IPF) instruments in the past and the eligibility under operational policies (OP) and bank procedures (BP) 10.00 has already been established.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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