PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599761

Primary Business Area

Access To Finance

Disclosure Date

Nov 3, 2013

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

IFC Approval Date

Jun 14, 2013

Status

Completed

Estimated Total Budget

$1,280,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 30, 2021

Project Estimated End Date

Jun 30, 2017

Project Description

The Project will focus on secured lending legal reforms in Lebanon, the UAE, Morocco and Egypt. Additionally and through its awareness events and assessment missions implemented under the Arab Secured Transactions Initiative (ASTI) and as this initiative continues and expands, the project will continue to identify a number of new MENA countries interested in implementing secured lending reforms. Depending on government's commitment to implement legislative reform and other local factors, other jurisdictions may be identified to implement comprehensive SL reforms.
The Project will consist of 2 major components to be implemented in the four countries of focus to support the adoption of a modern secured transactions law:
Component 1:Regulatory reform of secured lending frameworks in select MENA jurisdictions.
Component 2:Sharing best practices on effective secured lending reforms in the context of the MENA region.

Development Results