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.