Posted: Wednesday, April 30, 2025. 3:40 pm CST.
By Zoila Palma: Belize has received the 2025 Innovation (Commendation) Award from the Corporate Registers Forum (CRF) for its Secured Transaction and Collateral Registry (STCR), joining Singapore and the Philippines in this prestigious recognition.
“Belize earned this esteemed award in recognition of its groundbreaking STCR initiative, marking a transformative achievement in the country’s drive toward sustainable economic development and accessing finance modernization. STCR has substantially improved financial inclusion by providing clearer, more secure avenues for accessing credit, particularly benefiting micro, small, and medium enterprises (MSMEs). Additionally, it has strengthened Belize’s overall financial infrastructure by enhancing transparency and operational efficiency, thereby fast tracking access to finance,” a statement from the Belize Financial Services Commission and the Belize Companies and Corporate Affairs Registry noted.
The award honors Belize’s efforts in modernizing financial access, particularly for micro, small, and medium enterprises (MSMEs), by streamlining the registration of movable property as loan collateral. Since its launch in November 2024, over 500 security interests have been registered through the centralized, online system.
Led by the Belize Companies and Corporate Affairs Registry (BCCAR) under the Financial Services Commission (FSC), the STCR enhances transparency, reduces loan approval times, and improves credit access across the country.
This achievement reflects Belize’s commitment to financial reform and sustainable development, positioning the STCR as a regional model for innovation and inclusive economic growth.
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Posted: Wednesday, April 30, 2025. 3:40 pm CST. By Zoila Palma: Belize has received the 2025 Innovation (Commendation) Award from the Corporate Registers Forum (CRF) for
The post Belize wins prestigious International Innovation Award for Secured transaction and Collateral Registry System appeared first on Belize News and Opinion on www.breakingbelizenews.com.