PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

595287

Primary Business Area

Access To Finance

Disclosure Date

May 22, 2013

Country

Colombia

Region

Latin America and the Caribbean

IFC Approval Date

Apr 30, 2012

Status

Completed

Estimated Total Budget

$250,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 26, 2017

Project Estimated End Date

Dec 31, 2014

Project Description

The project will focus the implementation of the secured transactions reforms in four main pillars: 1) Enacting a new secured transactions legal framework (law and regulations); 2) Developing a centralized electronic registry for security interests in movable property; 3) Providing training and capacity to public and private stakeholders on aspects related to the new secured transactions regime and to secured financing (through movable collateral); 4) Developing a communications strategy to actively accelerate the acceptance, enactment and sustain the implementation of the reform by changing behavior and mindsets in Colombia.

Development Results