Past Events

Conference on Secured Transaction Reform in Latin America and the Caribbean

Event Information

STR
Agenda

Date: July 16-17, 2012
Place: Federal Reserve Bank of Atlanta

Across Latin America and the Caribbean small businesses do not have access to commercial credit. They pay up to 40% for loans; large businesses obtain loans at much lower rates. With a few exceptions, financial institutions will only accept real estate and vehicles as collateral. According to the World Bank, over 70% of the assets of small and medium-sized businesses (SMEs) in developing countries consists of moveable assets and over 70% of loan applications from SMEs are rejected because they do not possess real estate to use as collateral. Lenders will not accept moveable assets as collateral since court costs and legal fees are so high. Starved for operating capital, small businesses face impossible choices: borrow from the informal credit networks, or do without.

The purpose of the conference is to bring together countries working on secured transaction reform with donors, commercial banks, and legal experts to share experiences, coordinate efforts, and share experiences and best practices.

 

ORGANIZED BY:


IOA logo Federal Reserve Bank Atlanta

SPONSORS

CFA Education CAF IFC

USAID Department of Treasury

IDB Proskauer

 

En Español

STR

Conferencia sobre el sistema de garantías mobiliarias en América Latina y el Caribe

Agenda

Fecha:
Julio 16-17, 2012

Lugar: Banco de la Reserva Federal de Atlanta

Los días 16 y 17 de julio se desarrollará en la sede de la Reserva Federal en Atlanta, una conferencia sobre el Sistema de Garantías Mobiliarias. El objetivo del encuentro es compartir experiencias de reforma del sistema de garantías mobiliarias en la región y crear un mecanismo de apoyo práctico a estas reformas para el futuro.

El evento organizado conjuntamente por la Reserva Federal de Atlanta y el Instituto de las Américas, cuenta con el patrocinio de el BID, la CAF, la IFC,, USAID, la Commercial Finance Association (EEUU), el Departamento de Estado Norteamericano, el IDB y Proskauer.


ORGANIZADORES

IOA logo Federal Reserve Bank Atlanta


PATROZINADORES

CFA Education CAF IFC

USAID Department of Treasury

IDB Proskauer

 

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