The Central Bank of the Philippines and the International Finance Corporation have signed a memorandum of understanding to jointly develop the Philippines’ movable asset finance market, with the stated aim of improving credit access for micro, small, and medium enterprises and the agricultural sector. The collaboration will promote movable asset finance, an approach that allows borrowers to secure loans using movable assets such as inventories, receivables, and equipment. Set to run until 2027, the programme will focus on regulatory reform, sector capacity building, and supporting services development to strengthen the movable asset finance ecosystem and increase lending secured by movable assets. The initiative is positioned as complementary to the Personal Property Security Act, with the BSP citing a 2022 IFC study that found finance involving movable assets in the Philippines remained under 5 percent, and as aligned with the National Strategy for Financial Inclusion 2022–2028.
Central Bank of the Philippines 2025-04-16
Central Bank of the Philippines partners with IFC to develop movable asset finance market through 2027
The Central Bank of the Philippines and the International Finance Corporation signed a memorandum to develop the Philippines’ movable asset finance market, improving credit access for micro, small, and medium enterprises and the agricultural sector. Running until 2027, it focuses on regulatory reform, sector capacity building, and supporting services development. It complements the Personal Property Security Act and aligns with the National Strategy for Financial Inclusion 2022–2028.