: :inin Kyiv (EET)

World Bank Launches Ukrainian Crop Receipt Programme

The IFC, the commercial arm of the World Bank Group, in partnership with the Swiss and Ukrainian governments, is rolling out a new financial instrument – crop receipts – across Ukraine to expand access to finance for small farmers, boosting agricultural productivity and supporting economic growth.

Crop receipts are a pre-harvest financial instrument, currently used successfully in a number of countries (most notably Brazil) which allows farmers to use future harvests as collateral, enabling them to purchase high-quality seeds and other essentials. In particular, crop receipts can help to address the pervasive collateral constraints in the rural economy by providing financiers …read more

Source: Emerging Europe

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