The Security Interest in Movable Property Bill 2024, which was debated on Wednesday evening in the National Assembly received support from both sides of the House and was passed, a Ministry of Finance release stated yesterday.
The Bill sets out the legal framework to pledge movable property as collateral.
Senior Minister in the Office of the President with Responsibility for Finance and the Public Service, Dr Ashni Singh, who piloted the Bill through the House, stated that it represents the latest instalment in a long sequence of legislative and other interventions made by the government to strengthen the financial sector.
