Indonesia Secured Transactions Project (IFC-597607)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 20, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Indonesia
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.55 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.55 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 7, 2019

Disclosed by Bank Apr 2, 2014

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Project Description

The Indonesia Secured Transactions project aims to improve access to finance for underserved SMEs in Indonesia, by strengthening one of the key pillars of the country's financial infrastructure to encourage lending secured by movable assets.

According to the bank document, the project aims to strengthen and modernize the existing secured transactions system in Indonesia, this project will focus on the following three areas:

  • Improve the underlying legal framework related to secured transactions by recommending amendments to the Fiducia Security and Companies Act, together with supporting implementing regulations;
  • Establish a modern web-based, integrated and centralized Fiducia (collateral) Registry system which aligns with international best practice; and
  • Work with Regulators and Financial Institutions to identify new product/service offering opportunities for the SMEs and create linkages amongst market players to develop an effective movables lending industry in Indonesia.

 

People Affected By This Project

The Indonesia Secured Transactions project aims to improve access to finance for underserved SMEs in Indoneisa, by strengthening one of the key pillars of the country's financial infrastructure to encourage lending secured by movable assets.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

*There is no further information being revealed at this stage of the project*

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/