15 May 2016

PSDI's Peter Dirou discusses how PNG's new secured transactions registry will help extend access to credit

PSDI's Senior Financial Expert Peter Dirou has been interviewed by ABC Radio's Pacific Beat program about the recent activation of Papua New Guinea's Personal Property Security Registry.

“Lenders will use the registry to register their security interest in an asset that has been used as collateral by a borrower," said Peter.

"The generic term is ‘moveable assets’ … these are assets other than land and buildings, such as inventory, accounts receivable, contracts; the assets on the balance sheet where, typically, the value of a small business resides. It makes sense to be able to unlock the collateral value of those assets to increase finance in countries like PNG.”

Listen to the full interview here.