Challenges of Public Credit Guarantee Schemes in Latin America during the Pandemic

Challenges of Public Credit Guarantee Schemes in Latin America during the Pandemic

Partial credit guarantees have been a central tool in countries’ strategies to support firms through the COVID-19 pandemic. This paper presents the results of a set of surveys covering 19 partial credit guarantees in 12 countries in the Latin Ameri...

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Main Authors: Rudolph, Heinz P., Diaz Kalan, Federico A., Miguel Liriano, Faruk
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2022
Subjects:
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PARTIAL CREDIT GUARANTEE
SME FINANCE
SMALL AND MEDIUM-SIZED ENTERPRISES
Online Access:http://documents.worldbank.org/curated/undefined/916081641822628029/Challenges-of-Public-Credit-Guarantee-Schemes-in-Latin-America-during-the-Pandemic
http://hdl.handle.net/10986/36816
id okr-10986-36816
recordtype oai_dc
spelling okr-10986-368162022-01-14T05:10:34Z Challenges of Public Credit Guarantee Schemes in Latin America during the Pandemic Rudolph, Heinz P. Diaz Kalan, Federico A. Miguel Liriano, Faruk CORONAVIRUS COVID-19 PANDEMIC IMPACT PARTIAL CREDIT GUARANTEE SME FINANCE SMALL AND MEDIUM-SIZED ENTERPRISES Partial credit guarantees have been a central tool in countries’ strategies to support firms through the COVID-19 pandemic. This paper presents the results of a set of surveys covering 19 partial credit guarantees in 12 countries in the Latin America region, which were repeated at different stages of the pandemic crisis. The paper finds that most partial credit guarantees in the region are not large enough to foster change in the way the local financial sectors conduct business, how they engage with small and medium-size enterprises, and how they assimilate climate and gender considerations. Moreover, the response to the pandemic shows that most partial credit guarantees in the region have made limited use of the toolkit of parametric changes for boosting participation among financial institutions. Finally, the paper stresses the need for fair pricing methodologies and risk-based capital adequacy that may ensure the long-term sustainability of partial credit guarantee schemes. 2022-01-13T14:43:00Z 2022-01-13T14:43:00Z 2022-01 Working Paper http://documents.worldbank.org/curated/undefined/916081641822628029/Challenges-of-Public-Credit-Guarantee-Schemes-in-Latin-America-during-the-Pandemic http://hdl.handle.net/10986/36816 English Policy Research Working Paper;No. 9895 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Latin America & Caribbean Latin America
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PARTIAL CREDIT GUARANTEE
SME FINANCE
SMALL AND MEDIUM-SIZED ENTERPRISES
spellingShingle CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PARTIAL CREDIT GUARANTEE
SME FINANCE
SMALL AND MEDIUM-SIZED ENTERPRISES
Rudolph, Heinz P.
Diaz Kalan, Federico A.
Miguel Liriano, Faruk
Challenges of Public Credit Guarantee Schemes in Latin America during the Pandemic
geographic_facet Latin America & Caribbean
Latin America
relation Policy Research Working Paper;No. 9895
description Partial credit guarantees have been a central tool in countries’ strategies to support firms through the COVID-19 pandemic. This paper presents the results of a set of surveys covering 19 partial credit guarantees in 12 countries in the Latin America region, which were repeated at different stages of the pandemic crisis. The paper finds that most partial credit guarantees in the region are not large enough to foster change in the way the local financial sectors conduct business, how they engage with small and medium-size enterprises, and how they assimilate climate and gender considerations. Moreover, the response to the pandemic shows that most partial credit guarantees in the region have made limited use of the toolkit of parametric changes for boosting participation among financial institutions. Finally, the paper stresses the need for fair pricing methodologies and risk-based capital adequacy that may ensure the long-term sustainability of partial credit guarantee schemes.
format Working Paper
author Rudolph, Heinz P.
Diaz Kalan, Federico A.
Miguel Liriano, Faruk
author_facet Rudolph, Heinz P.
Diaz Kalan, Federico A.
Miguel Liriano, Faruk
author_sort Rudolph, Heinz P.
title Challenges of Public Credit Guarantee Schemes in Latin America during the Pandemic
title_short Challenges of Public Credit Guarantee Schemes in Latin America during the Pandemic
title_full Challenges of Public Credit Guarantee Schemes in Latin America during the Pandemic
title_fullStr Challenges of Public Credit Guarantee Schemes in Latin America during the Pandemic
title_full_unstemmed Challenges of Public Credit Guarantee Schemes in Latin America during the Pandemic
title_sort challenges of public credit guarantee schemes in latin america during the pandemic
publisher World Bank, Washington, DC
publishDate 2022
url http://documents.worldbank.org/curated/undefined/916081641822628029/Challenges-of-Public-Credit-Guarantee-Schemes-in-Latin-America-during-the-Pandemic
http://hdl.handle.net/10986/36816
_version_ 1764485953011843072

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