PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

597607

Primary Business Area

Access To Finance

Disclosure Date

Apr 1, 2014

Country

Indonesia

Region

East Asia and the Pacific

IFC Approval Date

Feb 20, 2014

Status

Completed

Estimated Total Budget

$1,553,406.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2016

Project Description

To strengthen and modernize the existing secured transactions system in Indonesia, this project will focus on the following three areas: (i) Improve the underlying legal framework related to secured transactions by recommending amendments to the Fiducia Security and Companies Act, together with supporting implementing regulations; (ii) Establish a modern web-based, integrated and centralized Fiducia (collateral) Registry system which aligns with international best practice; and (iii) Work with Regulators and Financial Institutions to identify new product/service offering oppportunities for the SMEs and create linkages amongst market players to develop an effective movables lending industry in Indonesia.

Development Results

E&S Risks / Impacts and Mitigation