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Secured Transactions Project
This Multilateral Investment Fund (MIF) program assists the Government in establishing an efficient legal and institutional framework for secured transactions that will improve credit service access for enterprises of all sizes, especially small and medium-size businesses. The components are: (a) modernization of legislation for secured transactions; (b) Credit Bureau support; (c) modernization of registry systems; and (d) continuing education in commercial law.Component 1 helps the authorities and other stakeholders consolidate and modernize the legal framework for secured transactions and movable property, principally through a review of existing legislation and the drafting of a new law - the Movable Property Security Act (MPSA).Component 2 helps the Government, commercial banks and otherinterested parties establish the legal and technical framework for an efficient credit bureau system. The component also provides technical support to the Trinidad and Tobago's (T&T) Bankers Association to develop a fully operational and reliable credit bureau. Component 3 helps the Government modify the proposed computerized registry system to accommodate the new form of charge created by the proposed MPSA. The project will establish a single computerized registry, the Movable Property Registry (MPR), where notice of all secured transactions will be registered. Component 4 provides courses to inform the legal community about the new system for registering and enforcing charges relating to movable property.

Project Detail

Country

Trinidad and Tobago

Project Number

TC9908028

Approval Date

July 26, 2000

Project Status

Closed

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

REFORM / MODERNIZATION OF THE STATE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 1,185,000.00

Country Counterpart Financing

USD 535,000.00

Original Amount Approved

USD 650,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/MT-7064-TT Non-Sovereign Guaranteed USD - United States Dollar Technical Cooperation Facility Nonreimbursable
Operation Number ATN/MT-7064-TT
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Technical Cooperation Facility
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-147824283-30
Project Performance Monitoring Reports
PPMR for MIF project TC9908028 - ATN_MT-7064-TT June, 2001 [1786288].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-147824283-11
Procurement Plan
Procurement Plan [776110].DOC
Dec. 31, 1999
English
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-147824283-31
Project Abstract
Project Abstract for MIF project TC9908028 - ATN_MT-7064-TT [1794935].PDF
Dec. 31, 1999
English

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