Warehouse ReceiptsWarehouse Receipts

Krassimir KiriakovKrassimir KiriakovFAO WHR International ConsultantFAO WHR International ConsultantRome, June 20Rome, June 20thth 2012 2012

The International Experience and The International Experience and Future Development OpportunitiesFuture Development Opportunities

Market Deficiencies Market Deficiencies

- Lack of trade rules and underdeveloped domestic commodity market infrastructure

- Difficult access to international markets

- High price of agricultural inputs

- Lack of reliable storage facilities

- Lack of reliable commodity quality standards

- Lack of access to organized commodity markets (exchanges)

- Very Limited access to short-term financing

- Lack of reliable market information

- Generate larger markets- Improve the overall marketing infrastructure- Identify the proper regulatory role for the

government- Provides increased access to short-term credit- Develop new financial instruments- Attracts additional capital- Reduce the participants risk

product quality and quantity reliable transactions reduced performance risk

WHR System AdvantagesWHR System Advantages

Political Environment

Structural Components

- Legislation - Licensing and Inspection - Public Warehouses - Warehouse Receipt - Financial Performance Guarantees

Core Elements of WHR System :Core Elements of WHR System :

A. Creating enabling environment : case study : Russia

B. Project implementation: case study : Serbia

C. Creating Knowledge Center:

FAO support for WHRFAO support for WHR

Central and Eastern Europe

Central Asia/Pacific Asia

Africa

Latin America

Future Development OpportunitiesFuture Development Opportunities

THANK YOU FOR YOUR ATTENTION!

Krassimir Kiriakov

FAO, International Consultant

1000 SofiaVitosha 63 blvd.+359 2 987 91 60+359 888 327 529krassi@vocaconsult.com