
PH central bank, IFC to promote movable asset finance
Borrowers can secure loans using inventories, receivables, and equipment.
The Philippine central bank has inked a memorandum of understanding (MOU) with the International Finance Corporation (IFC) to jointly develop the country’s movable finance market.
The MOU, signed on 17 March 2025, will see the Bangko Sentral ng Pilipinas (BSP) work with the IFC to promote movable asset finance (MAF), according to a press statement posted on the BSP website.
Under MAF, borrowers can secure loans using movable assets, such as inventories, receivables, and equipment.
This approach is designed to benefit borrowers who lack real property to serve as loan collateral.
MAF is expected to help improve credit access to micro, small, and medium enterprises (MSMEs) and the agricultural sector.
Set to run until 2027, the partnership between the BSP and IFC will focus on regulatory reform, sector capacity building, and supporting services development.