Poor financial infrastructure limits or denies access to credit for many firms in emerging markets, especially for micro, small and medium-sized enterprises (MSMEs). In order to provide greater opportunities for these firms, IFC provides advisory services to support the development of well-functioning secured lending frameworks. The key challenges are modernizing secured transactions laws, establishing electronic collateral registries, and training financial and non-bank financial institutions in movable asset-based lending.
Today, IFC is a recognized leader in the field—providing secured transactions advice to over 20 countries, as well as to the Organization for Harmonization of Business Law in Africa (OHADA), and organizing learning events to raise awareness and disseminate international best practice across the globe.
IFC’s Secured Transactions and Collateral Registries Program is funded by IFC and several donors including, Luxemburg, the Netherlands, Switzerland, the United Kingdom and the United States. To learn more about the program objectives and success stories please refer to this brochure which has been translated into different languages.