Author (s):
The World Bank (Heywood Fleisig, Mehnaz Safavian, Nuria de la Peña)Date:
2006Publication (if applicable):
N/A
Abstract (if Available):
One of the primary constraints on credit hungry businesses is the mismatch between the assets firms own and the assets banks accept as collateral. By expanding the menu of options to include movable assets (such as manufacturing machinery, future cash flows, and intellectual property rights) entrepreneurs can obtain higher credit on better terms.This toolkit gives policymakers and stakeholders the answers to key questions in tackling reform: Why is collateral important? What should reform look like? How can reformers make it happen? The authors provide guidance for measuring the impacts of reform to maximize benefits.
