The Arab Secured Transactions Initiative (ASTI) aims to raise awareness and promote best practices in the area of secured lending to ensure the harmonization of secured transactions systems throughout the MENA region. AMF and IFC through a joined partnership will assess, under a common assessment methodology, secured lending regimes in the countries of Northern Africa and the Middle East with a view of facilitating the establishment of necessary legal and institutional frameworks for secured lending.
ASTI’s objective is the development of secured lending legal and institutional frameworks in MENA. To achieve this objective ASTI :
- Provides advice to governments and financial market regulators by undertaking secured lending market studies;
- Raises awareness about secured lending through conferences and educational events; and
- Facilitates knowledge sharing about secured transactions among regional public and private sector stakeholders through regional workshops and meetings.