Increasing Access to Credit through Reforming Secured Transactions in the MENA Region

Alvarez de la Campa, Alejandro

dc.creator	Alvarez de la Campa, Alejandro
dc.date	2012-03-19T18:01:25Z
dc.date	2012-03-19T18:01:25Z
dc.date	2011-03-01
dc.date.accessioned	2023-02-17T20:55:38Z
dc.date.available	2023-02-17T20:55:38Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110324112706
dc.identifier	http://hdl.handle.net/10986/3379
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244343
dc.description	This paper provides a comparative summary of secured transactions systems related to the use of movable property as collateral in the MENA region vis a vis international practices in countries with modern secured transactions systems. The paper sets out the importance of introducing reforms in the area of secured transactions with the objective of increasing access to credit for businesses, particularly SMEs. The MENA region clearly lags behind all other regions in the introduction of secured transactions reforms. The paper summarizes many of the weaknesses common across the region. The two main critical areas that need urgent reforms are the creation of modern secured transactions laws and electronic movable collateral registries, and the need to improve enforcement mechanisms for security interests in movable property.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5613
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO CREDIT
dc.subject	ACCOUNT RECEIVABLES
dc.subject	ACCOUNTS RECEIVABLE
dc.subject	ARBITRATION
dc.subject	ASSET VALUE
dc.subject	AUCTIONS
dc.subject	BAILIFFS
dc.subject	BANK ACCOUNT
dc.subject	BANK ACCOUNTS
dc.subject	BANK DEBT
dc.subject	BANK FINANCING
dc.subject	BANK LOANS
dc.subject	BANKRUPTCY
dc.subject	BANKRUPTCY LAWS
dc.subject	BANKRUPTCY PROCEDURES
dc.subject	BENEFICIARIES
dc.subject	BID
dc.subject	BIDS
dc.subject	BONDS
dc.subject	BORROWER
dc.subject	CAPITAL STOCK
dc.subject	CASH FLOW
dc.subject	CASH FLOWS
dc.subject	CENTRAL BANK
dc.subject	CHECKS
dc.subject	CIVIL CODE
dc.subject	CIVIL CODES
dc.subject	CIVIL LAW
dc.subject	CLAIMANTS
dc.subject	COLLATERAL
dc.subject	COLLATERAL AGREEMENTS
dc.subject	COLLATERAL FOR LOANS
dc.subject	COLLATERAL IN SATISFACTION
dc.subject	COLLATERAL LAWS
dc.subject	COLLATERAL REGISTRATION
dc.subject	COLLATERAL REGISTRIES
dc.subject	COLLATERAL REGISTRY
dc.subject	COLLATERAL REQUIREMENTS
dc.subject	COLLECTION PROCESSES
dc.subject	COMMERCIAL CODE
dc.subject	COMMERCIAL CODES
dc.subject	COMMERCIAL LAW
dc.subject	COMMERCIAL MORTGAGES
dc.subject	COMMERCIAL REGISTRY
dc.subject	COMMON LAW
dc.subject	CONSUMER GOODS
dc.subject	CORPORATE GOVERNANCE
dc.subject	COURT ORDER
dc.subject	CREDIT ACCESS
dc.subject	CREDIT BUREAU
dc.subject	CREDIT BUREAUS
dc.subject	CREDIT DECISION
dc.subject	CREDIT ENHANCEMENT
dc.subject	CREDIT INFORMATION
dc.subject	CREDIT INFORMATION SYSTEM
dc.subject	CREDIT INFORMATION SYSTEMS
dc.subject	CREDIT LINES
dc.subject	CREDIT PROVIDERS
dc.subject	CREDIT SYSTEM
dc.subject	CREDITOR
dc.subject	CREDITOR PROTECTION
dc.subject	CREDITOR PROTECTIONS
dc.subject	CREDITORS
dc.subject	CREDITWORTHINESS
dc.subject	DEBT
dc.subject	DEBT COLLECTION
dc.subject	DEBT RECOVERY
dc.subject	DEBTOR
dc.subject	DEBTORS
dc.subject	DEBTS
dc.subject	DECENTRALIZATION
dc.subject	DEFAULTS
dc.subject	DERIVATIVE
dc.subject	DERIVATIVE PRODUCTS
dc.subject	DEVALUATION
dc.subject	DEVELOPING COUNTRIES
dc.subject	DISPUTE RESOLUTION
dc.subject	DOMESTIC BANKS
dc.subject	EMERGING MARKET
dc.subject	EMERGING MARKET COUNTRIES
dc.subject	EMERGING MARKETS
dc.subject	ENFORCEABILITY
dc.subject	ENFORCEMENT MECHANISMS
dc.subject	ENFORCEMENT OF SECURITY
dc.subject	ENFORCEMENT PROCEDURES
dc.subject	ENFORCEMENT PROCESS
dc.subject	ENFORCEMENT SYSTEM
dc.subject	ENFORCEMENT SYSTEMS
dc.subject	EQUIPMENT
dc.subject	ESTATE
dc.subject	FAIR MARKET VALUE
dc.subject	FAIR VALUE
dc.subject	FINANCIAL INFRASTRUCTURE
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL SECTOR REFORMS
dc.subject	FINANCIAL SYSTEM
dc.subject	FINANCIAL SYSTEM STABILITY
dc.subject	FINANCIAL SYSTEMS
dc.subject	FLOATING PLEDGES
dc.subject	FORM OF COLLATERAL
dc.subject	FUTURE ASSETS
dc.subject	FUTURE DEBTS
dc.subject	FUTURES
dc.subject	HOLDING
dc.subject	HOUSING FINANCE
dc.subject	IMMOVABLE ASSETS
dc.subject	IMMOVABLE PROPERTY
dc.subject	INFORMATION ASYMMETRY
dc.subject	INFORMATION ON BORROWERS
dc.subject	INSTITUTIONAL FRAMEWORK
dc.subject	INSTITUTIONAL INFRASTRUCTURE
dc.subject	INSURANCE
dc.subject	INSURANCE POLICIES
dc.subject	INTANGIBLE
dc.subject	INTANGIBLE MOVABLE PROPERTY
dc.subject	INTANGIBLE PROPERTY
dc.subject	INTANGIBLES
dc.subject	INTELLECTUAL PROPERTY
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INVENTORY
dc.subject	INVESTMENT CLIMATE
dc.subject	ISLAMIC BANKS
dc.subject	ISLAMIC FINANCE
dc.subject	ISLAMIC LAW
dc.subject	JUDGMENT LIEN
dc.subject	JUDGMENT PROCEDURE
dc.subject	JUDICIAL AUCTION
dc.subject	JUDICIAL ENFORCEMENT
dc.subject	JUDICIAL PROCESS
dc.subject	JUDICIAL SYSTEM
dc.subject	JURISDICTION
dc.subject	JURISDICTIONS
dc.subject	LEGAL FRAMEWORKS
dc.subject	LEGAL REFORMS
dc.subject	LEGAL RIGHT
dc.subject	LEGAL RIGHTS
dc.subject	LEGAL SYSTEM
dc.subject	LENDER
dc.subject	LENDERS
dc.subject	LENDING DECISIONS
dc.subject	LEVEL OF CREDIT
dc.subject	LEVERAGE
dc.subject	LIENS
dc.subject	LINE OF CREDIT
dc.subject	LOAN
dc.subject	LOAN AGREEMENTS
dc.subject	LOAN DEFAULT
dc.subject	MARKET VALUE
dc.subject	MATURITY
dc.subject	MONETARY FUND
dc.subject	MORAL HAZARD
dc.subject	MORTGAGE
dc.subject	MORTGAGES
dc.subject	MOVABLE ASSET
dc.subject	MOVABLE ASSETS
dc.subject	MOVABLE COLLATERAL
dc.subject	MOVABLE PROPERTY
dc.subject	MOVABLE PROPERTY AS COLLATERAL
dc.subject	MOVABLE PROPERTY REGISTRIES
dc.subject	NEGOTIABLE INSTRUMENTS
dc.subject	NON-PERFORMING LOANS
dc.subject	NONPERFORMING LOANS
dc.subject	NOTARIES
dc.subject	ORIGINAL ASSETS
dc.subject	ORIGINAL CONTRACT
dc.subject	PAYMENT OF DEBTS
dc.subject	PLEDGES
dc.subject	POSSESSORY SECURITY
dc.subject	PRIVATE CREDIT
dc.subject	PRIVATE CREDIT BUREAUS
dc.subject	PRIVATE ENFORCEMENT
dc.subject	PRIVATE PARTY
dc.subject	PRIVATE SALE
dc.subject	PRIVATE SALES
dc.subject	PRIVATE SECTOR CREDIT
dc.subject	PROPERTY RIGHTS
dc.subject	PROTECTION OF CREDITOR
dc.subject	PUBLIC ENFORCEMENT
dc.subject	PUBLIC RECORD
dc.subject	PUBLIC REGISTRY
dc.subject	REAL ESTATE AS COLLATERAL
dc.subject	RECEIVABLES FINANCING
dc.subject	REGISTRATION SYSTEM
dc.subject	REGISTRY SYSTEM
dc.subject	REGISTRY SYSTEMS
dc.subject	REGULATORY FRAMEWORKS
dc.subject	REPAYMENT
dc.subject	REPAYMENT PERIODS
dc.subject	REPOSSESSION
dc.subject	RETENTION OF TITLE
dc.subject	RIBA
dc.subject	RIGHTS TO PAYMENT
dc.subject	RISK MANAGEMENT
dc.subject	SALARIES
dc.subject	SALE OF ASSETS
dc.subject	SECURITIES
dc.subject	SECURITIES REGISTRATION
dc.subject	SECURITY AGREEMENT
dc.subject	SECURITY INTEREST
dc.subject	SECURITY INTERESTS
dc.subject	SEIZURE
dc.subject	SEIZURE OF ASSETS
dc.subject	SEIZURE PROCEDURE
dc.subject	SETTLEMENT
dc.subject	STATUTORY LIEN
dc.subject	STOCK EXCHANGE
dc.subject	STOCKS
dc.subject	TANGIBLE ASSETS
dc.subject	TANGIBLE MOVABLE PROPERTY
dc.subject	TAX
dc.subject	TOTAL DEBT
dc.subject	TRADE CREDIT
dc.subject	TRANSACTION
dc.subject	TRANSACTIONS LAW
dc.subject	TRANSACTIONS LAWS
dc.subject	TRANSACTIONS SYSTEM
dc.subject	TRANSACTIONS SYSTEMS
dc.subject	TRANSITION ECONOMIES
dc.subject	TRANSPARENCY
dc.subject	UNSECURED LOANS
dc.subject	VALUABLE ASSETS
dc.subject	WRITTEN CONTRACT
dc.title	Increasing Access to Credit through Reforming Secured Transactions in the MENA Region
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	Middle East and North Africa
dc.coverage	Middle East and North Africa
dc.coverage	Middle East and North Africa