Publications

Publications

Unlocking Finance for Growth: Secured Transactions Reform in Pacific Island Economies

Unlocking Finance for Growth: Secured Transactions Reform in Pacific Island Economies

In many countries in the Pacific region, it is difficult to obtain credit. Many financial institutions believe that lending is extremely risky and that loans may not be repaid. There is, however, a means to reduce lending risk through legal and institutional changes. Commonly described as secured transactions reform or personal properties securities reform, these reforms can potentially transform access to credit for firms and individuals.

The Pacific region has undergone one of the most extensive secured transactions reforms anywhere in the world. Although the reforms are relatively recent, initial results indicate that they will allow more borrowing—on better terms—than under the previous systems.

This publication was produced by the Pacific Private Sector Development Initiative, a regional technical assistance facility cofinanced by the Asian Development Bank, the Government of Australia, and the New Zealand Government.

Credit Risk & Scoring