Audio
FROM WORLD FOOD DAY TO WORLD FOOD SUMMIT: Highlight on East-European economies
In June 2009, the Warehouse Receipts Law of the Republic of Serbia was approved. To ensure the successful implementation of the system, the Government of Serbia has required a focused technical assistance programme to elaborate policy directions for the development of the system and train key stakeholders. As a first step, FAO Investment Center agreed with the Serbian Ministry of Agriculture to support and finance a study tour to Bulgaria for key Serbian stakeholders, Bulgaria being one of the countries in the region that has successfully implemented a GWR system.
"Grain Warehouse Receipts allow local grain farmers and agribusiness enterpreneurs to access short-term credit from banks by depositing grain in certified warehouses and using it as collateral. With more short-term credit available, farmers do not need to sell their crop immediately after harvest - when prices are typically at their lowest to buy inputs for the next year. FAO Investment Center has been involved in providing technical assistance in the area of GWR for more than a decade, under its cooperation with the European Bank for Reconstruction and Development. The EBRD has provided significant support to the establishment of WHR
Produced by:
TCIE/Bulgaria
Reference:
9356
