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Article: Ethiopia: Warehouse Receipt Financing to Be Introduced to Access Loans - ECX.
- Article from:
- TendersInfo
- Article date:
- September 29, 2009
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In an unprecedented move in the Ethiopian finance sector, the Ethiopian Commodity Exchange (ECX) and its partner organization, the International Finance Corporation (IFC), which is a member of the World Bank Group, are preparing to introduce Warehouse Receipt (WHR) financing for producers and traders to access bank loans, it was disclosed on Thursday.
Nearly one hundred participants drawn from the finance sector, trading community, members of the Exchange, policy makers, and external partners gathered on Thursday at Hilton Addis for a Warehouse Receipt Financing inception Forum organized by ECX and IFC.
It was indicated on the occasion that the new ...