Assessment of Secondary Markets for Movable Assets in the Jamaica Manufacturing Sector

This study evaluates the development and functionality of secondary markets for movable assets within Jamaica’s manufacturing sector, with a focus on enhancing the use of Movable Asset-Based Lending (MABL). While Jamaica has implemented key legislative reforms—such as the Security Interests in Personal Property Act (SIPPA) and the National Security Interests in Personal Property Registry (NSIPPR)—the uptake of MABL remains limited. The assessment identifies market fragmentation, valuation uncertainty, and a lack of formal secondary marketplaces as major constraints. Drawing on surveys, focus groups, and best practices from global markets, the study recommends establishing a formal, technology-enabled secondary market platform to improve liquidity, valuation accuracy, and credit risk assessment. Strengthening these markets can significantly improve access to finance for MSMEs and support broader economic resilience.<p></p>