Crop Receipts: A New Financial Instrument for Africa

Year: 2019

Content-Type: Report

Description: This report: (i) provides background and purpose of the proposed African Crop Receipts Initiative; (ii) analyzes the international experiences with Crop receipts (CRs); (iii) discusses generic entry points for CRs in Africa; (iv) presents specific opportunities for CRs in Zambia and Uganda; and (v) presents the study’s main findings and offers recommendations. While primarily undertaken to contribute to International Finance Corporation’s efforts to promote agricultural development, this report may also be of interest to other public and private actors engaged in agricultural finance in Africa. Others may gain ways to adopt the use of CRs, or certain features thereof, to enhance their existing commodity finance and marketing instruments. Development finance institutions (DFIs) such as IFC, as well as technical and donor agencies, could use the report to guide how they support CR introduction. Policy-makers and regulators may find the report useful in helping them better understand CRs and decide how and whether they could be used and customized to their respective countries, including requirements for the creation of an enabling environment.

Pages: 108 pages

Author: Frank Hollinger (FAO) and Adam Gross (FAO Consultant), coordinated by Makiko Toyoda (IFC).

Publisher: IFC ,World Bank Group and FAO

Categories: Agriculture / Farming, Finance

Tags: Africa, Agriculture, Crop Receipts, FAO, Finance, IFC, Instrument