PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600331

Primary Business Area

Global Practice - Trade & Competitiveness

Disclosure Date

Aug 17, 2014

Country

Country Name Pending

Region

Africa

IFC Approval Date

May 21, 2014

Status

Completed

Estimated Total Budget

$850,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2017

Project Description

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

Development Results

E&S Risks / Impacts and Mitigation