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MDC Details

Maya Declaration Commitment Target Status View

Publish a financial literacy strategic plan by the end of 2014

Banco Central de Timor-Leste

Qualitative Consumer Empowerment & Market Conduct
Completed

Complete a study of SME finance by the end of 2014

Banco Central de Timor-Leste

Qualitative SME Finance
Completed

Introduce a pilot credit guarantee scheme by mid 2015

Banco Central de Timor-Leste

Qualitative SME Finance
Completed

Fostering financial intermediation, through legal and administrative arrangements, improved record-keeping and accounting, and potentially a credit guarantee scheme,to encourage borrowing for economic development

Banco Central de Timor-Leste

Qualitative Consumer Protection
Completed

Widening the range of products available for managing economic risk, through continuing to develop a broad range of financial products, with a focus on microsavings and micro-insurance for people in rural areas

Banco Central de Timor-Leste

Qualitative Microinsurance
In Progress

Building public confidence and participation in the financial system, through appropriate licensing, regulation and supervision, by introducing codes of conduct, consumer protection rules, and considering the possibility of a deposit guarantee scheme, and improving financial literacy

Banco Central de Timor-Leste

Qualitative Consumer Empowerment & Market Conduct
In Progress

Building capacity and developing talent, through relevant education and training to accelerate the development of people at all levels of the financial system, from regulators and supervisors, though the commercial and microfinance entities, to the public at large

Banco Central de Timor-Leste

Qualitative Financial Literacy & Financial Education
Completed

Promote the extensive use of digital financial products and to facilitate the introduction of agent banking arrangements to cover 75% of sub-districts by 2016

Banco Central de Timor-Leste

Quantitative Digital Financial Services
Completed

Approve regulations on mobile financial services by June 2015

ComisiΓ³n Nacional de Bancos y Seguros de Honduras

Qualitative Digital Financial Services
Completed

Publish the first report on information related to financial inclusion by November 2014

ComisiΓ³n Nacional de Bancos y Seguros de Honduras

Qualitative Financial Inclusion Data
Completed