Project Title

Modernising Secured Transaction Legal Regimes in APEC Economies through International Instruments and Effective Dispute Resolution Mechanisms 

Project Year

2020   

Project Number

EC 03 2020A 

Project Session

Session 2   

Project Type

Standard 

Project Status

Project in Implementation   
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Project No.

EC 03 2020A 

Project Title

Modernising Secured Transaction Legal Regimes in APEC Economies through International Instruments and Effective Dispute Resolution Mechanisms 

Project Status

Project in Implementation 

Publication (if any)

 

Fund Account

APEC Support Fund 

Sub-fund

ASF: Renewed APEC Agenda on Structural Reform (RAASR) 

Project Year

2020 

Project Session

Session 2 

APEC Funding

150,000 

Co-funding Amount

32,000 

Total Project Value

182,000 

Sponsoring Forum

Economic Committee (EC) 

Topics

Structural Reform 

Committee

Economic Committee (EC) 

Other Fora Involved

 

Other Non-APEC Stakeholders Involved

 

Proposing Economy(ies)

United States 

Co-Sponsoring Economies

Hong Kong, China; Indonesia; Japan; Viet Nam 

Expected Start Date

01/02/2021 

Expected Completion Date

30/11/2021 

Project Proponent Name 1

Esther Lee (wef 1 August 2021) 

Job Title 1

Not Applicable 

Organization 1

Department of State 

Postal Address 1

Not Applicable 

Telephone 1

(1-202) 7364012 

Fax 1

Not Applicable 

Email 1

LeeE@state.gov 

Project Proponent Name 2

Not Applicable 

Job Title 2

Not Applicable 

Organization 2

Not Applicable 

Postal Address 2

Not Applicable 

Telephone 2

Not Applicable 

Fax 2

Not Applicable 

Email 2

Not Applicable 

Declaration

Esther Lee 

Project Summary

With the COVID-19 pandemic, the need to support business operations, including by extension of credit, has increased dramatically. The need for guidance to assess the effect of modern technologies on legal structures for secured credit has also accelerated. The project will help economies meet those needs by organizing a two-day workshop on developing a modern credit infrastructure by implementing internationally recognized legal frameworks and best practices, including UNCITRAL and UNIDROIT instruments as well as emerging standards on digital assets and enforcement mechanisms, including online dispute resolution. We may submit a follow-on proposal for a project to carry out targeted technical assistance to 1 to 2 economies who participate in the workshop and are interested in receiving such assistance (to be determined later). 

The project will help APEC member economies improve their RAASR IAPs, Ease of Doing Business and Strengthening the Economic and Legal Infrastructure performance.  It builds on earlier EC workshops, policy dialogues, and studies on getting credit, enforcing contracts, and ODR.  The World Bank Group is also expected to provide support to this event.

Relevance

Relevance – Region: Lack of affordable credit is a major constraint to the development of micro, small, and medium sized enterprises (MSMEs). According to the World Bank, 50 percent of the 400 million MSMEs operating globally in developing economies have little or no access to credit, and only 14 percent have a loan or line of credit. In developing economies, three fourths of acceptable collateral for loans is land while three fourths of assets available as collateral owned by MSMEs are movable property. This mismatch creates a financing gap in developing economies of over $5.2 trillion every year. The WTO reports that over half of the trade finance requests by MSMEs are rejected. Women entrepreneurs face additional barriers in accessing finance. It is estimated that 70 percent of women-owned businesses are underserved by financial institutions.  Although women own a third of the world’s formal small and medium sized firms, they receive only 10 percent of the world’s commercial loans, leaving a financing gap for women-owned businesses of roughly $2 trillion.

Economies – and especially developing economies – need to establish a conducive legal and regulatory framework where movable assets can be used as collateral, while at the same time providing effective credit protection. The UNCITRAL Model Law on Secured Transactions and the UN Convention on Assignment of Receivables reflect international best practices and provide a legal framework that steers the loan process away from exclusively land-based collateral.  The Practice Guide to the UNCITRAL Model Law also provides guidance on coordinating the relevant regulatory rules with a modern secured transactions law.

The workshop will help APEC member economies, particularly developing economies, assess how to implement the above-mentioned legal frameworks, while also highlighting other features that complement a modern credit infrastructure intended to serve MSMEs, including women entrepreneurs’ needs, such as the availability of online dispute resolution. Attendees will learn how to improve their legal and regulatory infrastructure taken into account inn the Ease of Doing Business (EoDB) and Strengthening the Economic and Legal Infrastructure (SELI) in the areas of access to credit.

The coronavirus pandemic has disrupted the activity of enterprises across APEC and increased their need for credit. A recent report by the Bank for International Settlements estimates that 50 percent of firms will not have enough cash to service their debts. Economies around the world seek to support firms through emergency liquidity programs that include public credit guarantee programs and that may create an unintended obstacle to the development of market-based credit products based on collateral. Economies are exploring support for modern technologies that, for instance, enable the issuance of virtual currencies facilitate various processes of lenders.  Recovery from a pandemic is predicated on the existence of a credit infrastructure with modern secured transaction and insolvency frameworks.  In addition, with many courts closed or scaling back operations, economies should consider the use of Online Dispute Resolution (ODR). This workshop builds on prior ODR-focused projects by addressing how businesses should have access to ODR mechanisms to resolve their secured transactions disputes under the APEC ODR Collaborative Framework. The workshop will address all the above issues, which apply to all APEC economies.  

Relevance – Eligibility and Fund Priorities: The proposal is linked directly to the 2020 APEC RAASR Funding Criteria (promoting regional economic integration) as it contributes to the implementation of structural reforms under RAASR and Ease of Doing Business.  It also contributes to the integration of MSMEs and women-owned businesses into the global economy, particularly in developing economies.

The project directly supports economy level Individual Action Plans (IAPs) under RAASR where a number of economies, including Chile, Indonesia, Papua New Guinea, the Philippines, Chinese Taipei, Thailand, and Viet Nam identified access to credit as an area for improvement.

Additionally, this project will contribute to the work of the EC FoTC on Strengthening Economic and Legal Infrastructure (SELI), which includes within its activities accessing getting credit frameworks according to international best practices (including UNCITRAL texts).

Relevance – Capacity Building: The workshop will help APEC member economies design their own strategies to implement the above-mentioned modernization of access to credit legal framework. The World Bank has found that reforming collateral registries for movable assets leads to an 8% increase in access to credit and a 3% decrease in interest rates while the percentage of working capital financed by banks increases by 10%. Secured transactions reform is also an essential component of innovative cross-border financing products, such as supply chain financing.  Harmonization and unification of secured transactions regimes across APEC economies will increase access to credit across borders and facilitate the development of international trade. It is also of particular importance to value-chain financing for farmers.  Developing economies stand to gain the most from these reforms.

Objectives

Objectives of the project are: (1) promote international best practices for access to credit and demonstrate how modernization of secured lending and related legal regimes spurs economic growth by making commercial credit more accessible and inclusive; (2) contribute to the development and strengthening of MSMEs, particularly women entrepreneurs, through improving access to affordable credit, placing them in a stronger position to pursue international markets; and (3) provide opportunity for participants to design a strategy on how to implement secured transaction reform particularly in light of the COVID-19 pandemic.

Alignment

Alignment - APEC: The project responds to the Structural Reform Ministerial Meeting Statement (2015), the Joint Ministerial Statement (2014) and the Leaders’ Statement (2014), which encouraged a wider use of private international law instruments such as those of UNCITRAL and UNIDROIT to facilitate cross-border trade and investment, enhance ease of doing business, and therefore contribute to APEC’s regional integration, connectivity, and structural reform agenda.

It follows the 2015 Boracay Action Agenda to Globalize MSMEs including through “measures to widen options on financing for MSMEs and further develop the infrastructure to facilitate lending to them [through] . . . secured transactions/movable collateral systems ….”

The proposal addresses the “access to capital and assets” pillar of the ender Criteria for APEC projects.  Additionally, consistent with one of the key action areas in the La Serena Roadmap on Women and Inclusive Growth (2019-2030), the project seeks to promote and facilitate cooperation in the public and private sector to help ensure that women and women-led MSMEs can access capital and assets in both local and international markets.

Alignment – Forum: This workshop and follow up activities directly contribute to the proposed third phase of the APEC EoDB Initiative under the Economic Committee, which includes under its five priority areas: getting credit, enforcing contracts and resolving insolvency.  This project will also contribute to work of SELI, which includes within its activities accessing credit, enforcing contracts and insolvency frameworks according to international best practices (including UNCITRAL and UNIDROIT texts). The workshop also builds on the recommendations in the Report on the Workshop on Supply Chain Finance and Implementation of Secured Transactions in a Cross-Border Context (EC 03 2016S), and the Report on the Workshop on Improving Access to Credit according to International Best Practice (EC 05 2017A)  as well as the Economic Committee Policy Dialogue on Secured Transactions held at EC 2 in August 2019 and the ODR Framework and Procedural Rules endorsed at EC 2 in August 2019. A number of APEC workshops and projects have addressed development and implementation of the APEC ODR Collaborative Framework including EC 02 2020S, EC 02 2019S, EC 03 2017S (summary).  However, no other APEC workshop has addressed how businesses could use ODR to resolve their secured transaction disputes under the APEC ODR Collaborative Framework.

TILF/ASF Justification

Not Applicable.

Beneficiaries and Outputs

Outputs: The project will implement a two-day workshop, which will be held in July 2021 in Tokyo, Japan. 

1. Provide Study on Issues Affecting Implementation of Secured Lending Reform and Access to Credit as a result of the COVID-19 pandemic in APEC economies (20-30 pages). The Study will provide an overview of key emergency measures adopted to limit the negative economic impact of the COVID-19 crisis (emergency response phase) on SME finance – in the APEC region and globally. The Study will assess data from a survey of emergency measures adopted in APEC economies. It will isolate the measures that affect lending to SMEs, such as public guarantee programmes and adjustments of regulatory standards. I will identify i) the challenges in the legal and regulatory frameworks to facilitate market-based financing and ii) solutions that combine and coordinate elements of the private law and regulatory infrastructure for SME recovery.

a. Contract consultant (January – February 2021) – includes ToR, APEC Secretariat approvals and issuing of $20,000 contract. 

b. Survey of Economies.

c. POs review the Study to be presented at the Workshop.

2.  2-day Workshop July 2021, Tokyo, Japan

a. 80 participants (including 22 travel-eligible, plus 10 speakers and contractor): 

i. POs will invite relevant policymakers and government officials responsible for the design and implementation of secured transaction reform in member economies. Relevant agencies will include Ministries of Justice, Economy, Economic Planning, and Treasury.

ii. POs will invite experts from other APEC fora (e.g., ABAC, SMEWG).

iii. POs will invite experts from the private sector and academia. 

iv. POs will also invite key experts from relevant international institutions such as UNCITRAL and UNIDROIT.

v.  POs will partner with the World Bank.

b.  Workshop Plan:

i.  Explain the importance of making further efforts in APEC to modernize frameworks for getting credit, in particular to facilitate MSME development and growth in light of the COVID-19 Pandemic.

ii. Describe relevant international best practices concerning secured transactions reform as reflected in the UNCITRAL Model Law on Secured Transactions, the UN Convention on Assignment of Receivables in International Trade, and the Cape Town Convention to identify areas for possible improvement among APEC member economies.

iii. Review the Study on Issues Affecting Implementation of Secured Lending Reform and Access to Credit impacted by the COVID-19 pandemic in APEC economies to identify areas for possible improvement, the relevant best practices that can be applied, as well as possible capacity building activities. (A credit-enabling environment requires modernization of the secured transaction and insolvency frameworks to support more businesses and strengthen the overall path to economic recovery.)

iv. Explore use of modern technologies that, for instance, enable the issuance of digital assets and monitoring of collateral.

v. Consider the use of Online Dispute Resolution (ODR) including to resolve secured transaction disputes under the APEC ODR Collaborative Framework. 

c. Given the uncertainties of travel in light of COVID-19, some presenters and attendees may participate remotely.

3.  Summary Report of Workshop (10-15 pages) will be presented to SELI and the EC at EC 2 2021.

a. Summary of discussions and presentations, participant recommendations and conclusions.    The Summary will include as an Annex the Study on Issues Affecting Implementation of Secured Lending Reform and Access to Credit as a result of the COVID-19 pandemic in APEC economies

b.  Circulation for endorsement in August-September 2021 (within 30 days of Workshop date).

Outcomes:

1. Economies’ knowledge of the benefits of secured transaction reform and their capacity to create an enabling legal and institutional environment conducive to efficient access to credit through secured transactions reform are increased.

2. Ideas and innovations are shared by economy officials responsible for or having a working familiarity with the access to credit ecosystem and opportunities for the organizers to collect additional information on effective access to credit reform implementation are created.

3. Measures that increase access to credit are implemented by member economies.  

4. Banks and businesses (including MSMEs) are encouraged by member economies to agree to settle their disputes by ODR, using knowledge gained at the Workshop.

5. Successful approaches in capacity building including case studies and exchanges between individual economy representatives are shared.

Beneficiaries: To maximize the benefits of this project, POs will invite to the workshop experts/officials who will benefit from it as well as actively engage and contribute to the discussions. For example, invitations to the workshop will suggest economies consider nominating relevant government officials responsible for the design and implementation of access to credit reforms, such as the development of institutional and regulatory systems designed to make it easier and less expensive for MSMEs to secure financing without traditional collateral such as land. The participants will gain knowledge of international best practices for getting credit through secured transactions reform and increase their capacity to design and implement reforms that improve their domestic and cross-border frameworks.

Primary beneficiaries will be businesses, especially small businesses from developing economies, that will be able to increase their economic participation and reduce business risks through increased access to credit.

Credit reform will also greatly benefit women-owned MSMEs, who tend to operate in the informal sector and receive substantially less credit than MSMEs owned by men. Increased capitalization of their businesses through lending and secured finance will provide them greater business opportunities as well as better access to public services. It will promote movement of women-led businesses from the informal to the formal sector and increased participation in cross-border trade.

Dissemination

The workshop materials, including agendas and presentations, will be distributed to the participants electronically and will be made available through the APEC website (Meeting Document Database). The POs will also publish as APEC publications a detailed Summary Report of the Workshop including participant recommendations and conclusions and the separate Study on Issues Affecting Implementation of Secured Lending Reform and Access to Credit as Impacted by the COVID- 19 Pandemic in APEC economies.

The Summary Report of the Workshop, including recommendations and conclusions, will be presented at EC 2 in 2021 for consideration and approval by SELI and the EC.

The target audience for the detailed Summary Report of the Workshop includes APEC member economies, SELI, and the Economic Committee. The report is intended to be an official APEC publication.
 

There is no intention to sell outputs arising from this project.

Gender

POs will work to ensure that both female and male speakers and participants have equal opportunities to attend and actively participate in the workshop. POs will try to identify and invite relevant speakers, both men and women, as far in advance as possible and will send invitations to economies with enough time for them to consider the most suitable participants. In the invitation, POs will encourage economies to consider gender balance in their nominations and will pay attention to the nominations received from economies. POs will include gender information in the sign-in sheets as well as in the evaluations of the workshop to measure the percentage of women participants. Considering previous workshops on similar topics, PO’s would try to achieve at least 35% women participants and speaker/experts.

The proposal addresses the “access to capital and assets” pillar of the Gender Criteria for APEC projects.  Additionally, consistent with one of the key action areas in the La Serena Roadmap on Women and Inclusive Growth (2019-2030), the project seeks to promote and facilitate cooperation in the public and private sector to help ensure that women and women-led MSMEs can access capital and assets in both local and international markets.

The Workshop will, as appropriate, include a session in the workshop addressing the issues particularly relevant to women. POs may also include a question in the post-event survey to measure how well gender issues were addressed.

Work Plan

Timeline

Key task

Deliverables

January -February 2021

Book venue, make accommodation and administrative arrangements. The workshop could be shifted to December 2021 or a fully virtual format with 4 months of advance notice 

Details of Venue and Accommodation

January-February 2021

POs will draft TOR, secure Secretariat approval and contract with consultant

TOR and consultant contract

February-October 2021

Consultant will survey economies and develop Study on Issues Affecting Implementation of Secured Lending Reform and Access to Credit during the COVID 19 Pandemic in APEC economies, including by surveying economies concerning emergency measures; POs will review; Study will be presented at workshop

Study on Issues Affecting Implementation of Secured Lending Reform and Access to Credit during the COVID 19 Pandemic in APEC economies

February 2021

Develop agenda; Identify experts /speakers and send speaker invitations

Agenda; Invitations to experts and speakers

March 2021

Brief SELI and EC at EC 1

March 2021

Circulate the workshop invitation and nomination forms and General Information Circular to APEC economies through the EC

Invitation; Nominations forms, participant information note, and General Information Circular

April 2021

Four Month Notice to Change Format – if necessary due to COVID-19

Possible Notice to Change Format

April 2021

Submit APEC Project Monitoring Report (Provide Secretariat with update on status of Project)

APEC Project Monitoring Report

May 2021

Send General Information Circular

General Information Circular

July 2021

Implement a two-day workshop; Survey participants at the outset and the end of the workshop to gauge knowledge learned

Workshop including survey results

EC 2

October 2021

Draft Summary Report of Workshop (10-15 pages) with outcomes and recommendations; Submission to Secretariat for review; Finalization and Endorsement by SELI and Economic Committee Plenary

Summary Report of the Workshop

January 2022

Submit APEC Project Completion Report  and supporting documents to the APEC

APEC Project Completion Report

June 2022

Participation in the Long-Term Evaluation of APEC Projects conducted by APEC Secretariat

Risks

The timing of the event may be affected by COVID-19.  To address this concern, the POs have moved back the proposed time of the workshop to July 2021.  If necessary, the event could be further postponed to December 2021 or take place in a virtual format.

In the case of the workshop itself, the risks relate to getting quality speakers as well as relevant participants from all APEC economies. POs plan to manage this risk by carefully designing the agenda of the workshop and identifying relevant experts well in advance. In addition, POs will circulate the invitation to economies as early as possible and provide information of the desired profile of participants to guide economies in the nomination process.

Another risk for the workshop is with regards to possible delays in the development and collection of workshop materials and inputs, including presentations from speakers. For this issue, POs will work closely with speakers to ensure timely submission of their presentations so that the necessary information and analysis is available by the time of the event. 

Finally, any recommendations developed at the Workshop for implementation of reforms would be subject to agreement and approval by SELI and the Economic Committee at EC 2 in 2021.  The recommendations will also be subject to implementation by member economies.  To mitigate this risk, POs will prepare as detailed a report as possible and enlist the support of the contractor. The report will carry the weight of recommendations from stakeholders and world-renowned experts.

Monitoring and Evaluation

POs will regularly monitor the progress of the activities under this project and ensure milestones described in the timelines above are achieved. POs will provide an annual Monitoring Report and informal updates to the program director on a regular basis.

POs will develop participant evaluation forms to collect participants’ feedback for this workshop at the start and end of the workshop. The evaluations will allow participants to assess the quality of the workshop on the substantive program, as well as on the organization and logistics. The evaluations will also gauge the level of knowledge gained by participants on key issues or topics covered during the workshop. Sex-disaggregated data will be collated to ensure that impacts on women are measured and monitored – this will include the number of participants as well as the number of technical experts engaged as speakers and experts. This information will be reported through the APEC process – via APEC Monitoring/Completion reports.

After the Workshop, the POs will prepare a Summary Report of the Workshop that will include Workshop recommendations and conclusions. The Study on Issues Affecting Implementation of Secured Lending Reform and Access to Credit during the COVID 19 Pandemic in APEC economies presented and discussed during the Workshop will be revised to incorporate those discussions. The Workshop recommendations will be considered for approval at EC 2 2021 by SELI and the Economic Committee.

 POs will use the following indicators to assess whether the project has met its outputs: 

1.  Number of participating economies (15);

2. Number of participants (80) and number of participants from travel eligible economies (22);

3.  Number of speakers/moderators (12);

4.  Proportion of female participants and speakers (30%);

5. Participant satisfaction regarding quality of workshop—substance, organization and logistics—as expressed in evaluation questionnaires (90% satisfactory);

6. Results of ex-ante and ex-post survey of participant knowledge to assess knowledge gained on workshop key topics (targeted level of increase 30%); and

7. Presentation to EC of a detailed summary report of the workshop with conclusions and recommendations.

Linkages

In addition to the direct linkage to the Economic Committee RAASR, EoDB and SELI agendas, this project has implications for other areas of work in APEC including women’s entrepreneurship and MSME development, among others. In order to promote collaboration with other relevant APEC fora such as SMEWG and PPWE, POs will share relevant information about the workshop and its outcome. The workshop will also engage non-APEC stakeholders. We intend to partner with the World Bank and may seek to bring experts from neighbouring economies/regions to learn from and share relevant experiences. Experts from relevant international organizations, such as UNCITRAL and UNIDROIT, will be invited to discuss best practices and experiences.

The workshop and proposed follow-on capacity building activities build on previous EODB and SELI initiatives including the Workshop on Supply Chain Finance and Implementation of Secured Transactions in a Cross-Border Context (EC 03 2016S), the Workshop on the Use of International Instruments to Strengthen Contract Enforcement in Supply Chain Finance for Global Businesses including MSMEs (EC 04 2016S), the Workshop on Improving Access to Credit according to International Best Practice (EC 05 2017A)  as well as the Economic Committee Policy Dialogue on Secured Transactions held at EC 2 in August 2019 and the ODR Framework and Procedural Rules endorsed at EC 2 in August 2019. Although a number of APEC workshops and projects have also addressed development and implementation of the APEC ODR Collaborative Framework, including EC 02 2020S, EC 02 2019S, and EC 03 2017S, this workshop covers new ground by addressing how businesses could use ODR to resolve their secured transaction disputes under the APEC ODR Collaborative Framework.

The project will address issues affecting implementation of secured lending reform and access to credit during and after the COVID 19 pandemic in APEC economies.

Sustainability

This project is part of the APEC EoDB Initiative and is one of the activities included in the new proposed EoDB Implementation Plan. There is great support from member economies for further reforms that improve the business environment, in particularly EoDB access to credit.  Assessing APEC access-to-credit legal frameworks according to international standards (i.e. UNCITRAL texts) is also part of the SELI work plan.

The workshop will discuss relevant international best practices that economies can consider as a reference and thus help build member economies’ capacity to modernize and improve their getting credit frameworks. After project completion, and to support developing economies interested in carrying forward reforms in line with these best practices, POs anticipate submitting a follow-on proposal for a project for technical assistance targeted at one or two economies that attended the workshop and are interested in receiving assistance. The particulars of any subsequent project proposal will be developed later. A technical assistance follow-on project aims to ensure that lessons and outcomes from the workshop and the study on getting credit are put into practice.

The technical assistance will correspond to priorities economies included in their RAASR IAPs, which provides greater assurance of their relevance and possible impact and shows the economy’s interest in pursuing unilateral reforms in this area. It will be tracked according to the related future project proposal.

Partnering with the World Bank also ensures that the project will continue to have an impact after completion. The World Bank is currently providing technical assistance to a number of APEC economies on their access to credit frameworks. We anticipate that the World Bank may assist in follow-up technical assistance.

After the project is completed, the POs will provide all relevant workshop information (agenda, speaker bios, presentations) to the APEC Secretariat to upload on the APEC website, and will report the outcomes of this activity to the Economic Committee so that future activities can build on this work.

Project Overseers

The PO is Benjamin Ford, a financial economist in the Office of Investment Affairs in the Bureau of Economic Affairs of the United States Department of State. He is part of a team that manages the national security review of foreign investments in the United States and contributes to the development of related regulations. He is also anticipates investment developments and advances policy initiatives in the Indo-Pacific region. Mr. Ford served as a project coordinator/overseer for the APEC EC Workshop on ODR in Osaka, Japan in 2018.  He has served in the Department’s Bureau of East Asia and Pacific Affairs in Washington, D.C., and at U.S. Embassies in Buenos Aires, Argentina and Kuala Lumpur, Malaysia. Prior to his government service, Mr. Ford practiced as a corporate attorney for over ten years in Washington, D.C., Singapore, and Hong Kong. He is a graduate of Harvard Law School.

Mr Ford will work with two other colleagues at the Department of State on this project:  Attorney-Adviser Sharla Draemel, who also serves as the U.S. representative to SELI in the APEC EC, and foreign affairs officer Vincent Wang.

Cost Efficiency

Not Applicable.

Drawdown Timetable

Not Applicable.

Direct Labour

A contractor (the Kozolchyk National Law Center (NatLaw)) will be engaged to prepare the Study on Issues Affecting Implementation of Secured Lending Reform and Access to Credit as Affected by the COVID 19 Pandemic in APEC economies to discuss at the Workshop (and revise to incorporate discussions after the Workshop) and identify areas where further capacity building is needed to help inform the design of the workshop and follow on technical assistance (10 full days); assist in development of workshop content (e.g. agenda, speakers) (4.5 days); and draft detailed workshop report (5.5 days).

NatLaw has participated in earlier APEC workshops and policy dialogues and is already familiar with the EoDB and the EC work on getting credit. The contractor is expected to produce reports (including the Study on Issues Affecting Implementation of Secured Lending Reform and Access to Credit as a result of the COVID-19 pandemic in APEC economies and the Summary Report of the Workshop) and other written materials in a level of English that is fit for publication and requires no further copyediting by the APEC Secretariat.

Waivers

A waiver is requested to allow for paid travel for 8 speakers and 2 contractor/speakers (5 each day over the two-day workshop for a total of 10 speakers) given the wide range of topics that needs to be addressed at the workshop and the differing approaches to implementing access to credit and ODR in economies, especially in the public sector. Speakers will be expected to attend both days of the workshop.

Are there any supporting document attached?

No 
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Project No.

Project Title

Project Status

Publication (if any)

Fund Account

Sub-fund

Project Year

Project Session

APEC Funding

Co-funding Amount

Total Project Value

Sponsoring Forum

Topics

Committee

Other Fora Involved

Other Non-APEC Stakeholders Involved

Proposing Economy(ies)

Co-Sponsoring Economies

Expected Start Date

Expected Completion Date

Project Proponent Name 1

Job Title 1

Organization 1

Postal Address 1

Telephone 1

Fax 1

Email 1

Project Proponent Name 2

Job Title 2

Organization 2

Postal Address 2

Telephone 2

Fax 2

Email 2

Declaration

Project Summary

Relevance

Objectives

Alignment

TILF/ASF Justification

Beneficiaries and Outputs

Dissemination

Gender

Work Plan

Risks

Monitoring and Evaluation

Linkages

Sustainability

Project Overseers

Cost Efficiency

Drawdown Timetable

Direct Labour

Waivers

Are there any supporting document attached?

hdFldAdmin

Project Number

Previous Fora

Secretariat Comments

Reprogramming Notes

Consolidated QAF

Endorsement By Fora

PD Sign Off

Batch

Forum Priority

Committee Ranking Category

Committee Priority

PDM Priority

Priority Within Funding Category

Monitoring Report Received

Completion Report Received

PMU Field 1

PMU Field 2

PMU Field 3

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