The use of warehouse receipt finance in agriculture in transition countries
Jun 06, 2009 | F. Höllinger, L. Rutten, K. Kiriakov | FAO, The World Bank
Warehouse receipt financing is a proven instrument for allowing farmers, traders, processors and exporters to obtain finance secured by goods deposited in a warehouse. This paper discusses the state of warehouse receipt finance in countries of Eastern Europe and Central Asia (ECA), and possibilities for enhancing its use. It describes legal and regulatory issues that need to be resolved, and how the international community can help in the process. Annex 1 summarizes some experiences with warehouse receipt finance in Africa and Asia. This paper hopes to encourage all those interested in agricultural development in ECA and other regions to improve the conditions for and use of warehouse receipt finance and that it will assist them in doing so.