PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607537

Primary Business Area

Financial Institutions Group

Disclosure Date

Jul 2, 2024

Country

Philippines

Region

East Asia and the Pacific

IFC Approval Date

Oct 17, 2023

Status

Active

Estimated Total Budget

$946,680.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 25, 2024

Project Estimated Start Date

Sep 25, 2023

Project Estimated End Date

Jun 30, 2027

Project Description

The Project aims to create and develop movables finance market in the Philippines to enhance the competitiveness of local MSMEs by improving their access to finance. Specifically, the Project will work on three areas: 1. Regulatory reform: Streamline regulatory provisions for movables finance development and develop necessary new regulations and guidelines to strengthen the enabling environment for movables finance. 2. Sector capacity building: Enhance market knowledge on movables finance, support stakeholders to develop basic sector capacities and build up membership-based movables finance organizations to facilitate the development of linkages. 3. Supporting services development: Promote the development of the third-party collateral management services and movables finance platforms to enable more lenders to finance MSMEs efficiently and confidently.

Development Results

E&S Risks / Impacts and Mitigation