Fiji’s Personal Property Securities Registry is now live
Regional Director for ADB's South Pacific Sub-regional Office Masayuki Tachiiri (third from left) applauds after clicking a ‘go-live’ button to activate Fiji’s Personal Property Securities Registry. Also pictured (left to right) are New Zealand High Commission Development Counsellor Jonathan Rowe, Fiji Reserve Bank Governor Ariff Ali, and Australian High Commissioner to Fiji John Feakes.
Fiji’s Personal Property Securities Registry is now live, making Fiji the 9th country PSDI has helped to establish a secured transactions framework.
The registry and its underpinning legislation will increase access to finance by making it easier for lenders to accept movable property as loan security. Along with being fast, cheap, and convenient, the registry provides certainty to lenders that their claim over a pledged asset is secure.
As it is doing elsewhere, PSDI will continue to support the development of loan products in Fiji that make use of this new lending framework, with a particular focus on the agricultural sector.
The registry can be found at https://ppsr.gov.fj/
Pictured at the launch of Fiji’s Personal Property Security Registry are (left to right): Peter Dirou, PSDI Finance Sector Expert; Jonathan Rowe, New Zealand High Commission Development Counsellor; Masayuki Tachiiri, ADB South Pacific Sub-regional Office Regional Director; Ariff Ali, Reserve Bank of Fiji Governor; John Feakes, Australian High Commissioner to Fiji; and Nick Waterbury, Paradigm Applications Software Developer.