In the face of globalization, countries worldwide must strengthen and deepen their financial systems to achieve growth and alleviate poverty.
Financial Sector Series #10: Establishing Modern Secured Financing Systems in Developing Economies .
Paper | June 30, 2010
This report provides U.S. government program designers with a basic technical understanding of the core requirements to introduce finance secured by movable property, a tool used to increase access to finance, especially for small- and medium-sized enterprises (SMEs).
This primer is designed to convert lessons learned and best practices into effective financial systems that enable long-term economic growth and expansion. It provides an overview of the technical background and rationale for secured financing reform, and a detailed description of the components a reform program should include. The diagnostic checklist is a simple tool to evaluate the feasibility of reform and help prioritize issues. The model scopes of work give program designers a foundation to procure a baseline assessment of current conditions and implement a successful reform.