Warehouse Receipt Financing

completed

The project is expected to support the introduction of a robust warehouse receipts system- (WRS) in the country in two phases. Phase 1: 1. Introduction of a legal framework - Support the development of a WRS law and implementing regulations to promote warehouse receipt financing. This framework will clearly outline forms of warehouse receipts, legal status of warehouse receipts, rights and obligations of warehouse operators and banks and structure of warehouse receipts regulatory body. Develop operational guidelines for a model of supervised private warehouse operations. These guidelines will focus on warehouse quality, warehouse operations including inspections, grading and commodities standards. Phase 2: (implementation of phase 2 will commence only if funding secured) 2. Provision of technical expertise and assistance to WHR regulatory unit during startup phase 3. Sensitization and training of stakeholders 4. Assistance to the warehousing industry 5. Creation of a warehouse receipts platform