Romania, Implementation of Warehouse Receipt Project: January 2004–January 2005
Project Description
Agriteam Canada implemented this under the World Bank Rural Finance Project between 2004–2005. The project resulted in establishing the elements required to enable the Government of Romania to establish an indemnity fund to support the functioning of the warehouse receipt system for the country. The four components of the project were: (1) designing an indemnity fund for WHR including training programs for administering the indemnity fund; (2) preparing an awareness campaign for borrowers and producers about the warehouse receipt system; (3) preparing practices and procedures for lenders to accept warehouse receipts and for making claims on the indemnity fund; and (4) designing a warehouse receipt monitoring system. The project called upon a team of international advisors from Romania, the EU and North America. In addition to the above deliverables, project experts also prepared an issues paper and presentation for the Ministry of Food and Agriculture and Rural Development.
