Secured Transactions Framework (IFC-600954)

Countries
  • Myanmar
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
Approved
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
Jun 17, 2016
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
Government of Republic of the Union of Myanmar
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 Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 14, 2017

Disclosed by Bank May 30, 2017


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Project Description
According to IFC website, the project aims to improve access to credit by MSMEs through the development of a modern secured financing system based on movable assets. The project will work with the Government and other relevant stakeholders to build up the necessary foundations for movables finance. These include mainly the preparation of a secured transactions legislation, creation of a collateral registry and the development of the initial movables lending capacities.
People Affected By This Project
The project aims to improve access to credit by MSMEs through the development of a modern secured financing system based on movable assets. The project will work with the Government and other relevant stakeholders to build up the necessary foundations for movables finance. These include mainly the preparation of a secured transactions legislation, creation of a collateral registry and the development of the initial movables lending capacities.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
No contact information provided at the time of disclosure. 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/