SME Access to Finance in Bhutan

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Building on the results of the previous financial infrastructure project, this Project aims to further develop financial infrastructure services as a necessary foundation for expanding MSME access to finance in Bhutan. This four-year project will be implemented in collaboration with the Royal Monetary Authority of Bhutan (RMA) and other sector organizations. The project activities will cover various aspects under three main components: Under the “Secured Transactions Reform and Movables Finance Development” Component, the Project will support RMA and other partners to further improve the legal and regulatory framework and scale up the movables finance market by transfer movables finance knowledge to the lending community. Under the “Deepening of the Credit Reporting System” Component, the Project will work to improve the quality of data and extend the coverage of the credit reporting system, develop credit reporting products, educate lenders and strengthen financial consumer protection. Under the “Increasing the Movables Finance Volume of a Pilot Financial institution” Component, the Project will provide in-depth advisory services to a pilot financial institution to design and pilot movables finance products.