The OAS Secured Financing Project provides support to Member States for secured transactions law reform based on the OAS Model Law on Secured Transactions and the OAS Model Registry Regulations, and other international secured transactions instruments, in collaboration with other international organizations, the private sector, and trade associations; and taking into account the financial inclusion of women-owned MSMEs. In doing so, specific activities may include the following:

  • Identify Member States, local and international co-sponsors for reform, and other international organizations actively engaged in secured transactions reform to participate in the project;

  • Once a Member State has expressed interest in the project, conduct in-the-field assessments of the various aspects of that Member State’s secured transactions regime to review the sufficiency of the legal framework and lending practices to meet stakeholders’ financing needs. Such assessments are conducted using a broad-based participatory process in partnership with the government’s appointed OAS counterpart, other officials and institutions in the public and private sectors, along with a wide range of other stakeholders;

  • Prepare reports regarding the sufficiency for reforms to meet stakeholders’ financing needs, based on current disparities between models for reform and the current legal framework;

  • Design and organize capacity-buildings workshops to garner support for the local and regional implementation of secured transactions instruments;

  • Draft recommendations for local and regional implementation of the OAS Model Law on Secured Transactions, the OAS Model Registry Regulations and other international secured transactions instruments, based on the findings, best practices and successes of OAS Member States participating in the project;

  • Provide preliminary assistance to OAS Member States wishing to address any of the aforementioned recommendations for local implementation;

  • Produce and disseminate publications and best practices for resilient secured transactions regimes.

(For specific examples of these activities in actual practice, see “Events”.)