| Project Detail |
The development objective of Pacific Strengthening Correspondent Banking Relationships (CBR) Project is to enable continuous access to correspondent banking services in the participating Pacific Island countries. The project has two components. 1) The first component, Ensuring Continuous Access to CBR Services, will ensure continuous access to CBR services by a qualifying financial institution operating in eligible Pacific Island Countries (PICs) facing the complete loss of CBRs in a key currency. 2) The second component, Improving the Enabling Environment and Regulatory Harmonization, will support improved Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) supervision, payment systems oversight, regional harmonization, and project management.
The Project Development Objective is to enable continuous access to correspondent banking services in the participating Pacific Island countries. |
