Project description
and objectives:
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The Framework aims to provide financing to local agribusiness SMEs using commodities, normally represented by warehouse receipts, as collateral. In the Framework, the Bank aims to promote asset-backed commodity financing, standard in most market economies, which will help meet the working capital needs of the agribusiness sector in the Bank’s countries of operations.
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Sub-projects:
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- Rabo Invest Warehouse Receipt Program
- Commodity Repo Transaction
- Vneshtorgbank Warehouse Receipt Programme
- Lithuania/Warehouse Receipt Programme-Siauliu Bankas
- Cargill Ukraine: Warehouse Receipt Program
- Kazakhstan AMB 2002 Warehouse Receipt Programme
- Kazakhstan Halyk 2002 Warehouse Receipt Programme
- Ukraine/Aval/Warehouse Receipt Programme
- Kazakhstan Temirbank 2002 Warehouse Receipt Programme
- Cargill Ukraine: Warehouse Receipt Program Harvest 2003
- Russia/Vneshtorgbank/Warehouse Receipt Programme
- Ukraine/Aval/2003/Warehouse Receipt Programme
- SFIR (Fabrika Secera Te-To Senta A.D)
- Kazkahstan/Bank Center Credit/2003/Warehouse Receipt Program
- Ukraine/UkrSotsBank/2003/Warehouse Receipt Programme
- Moldova/WJ/2003/Warehouse Receipt Programme
- SFIR (Star Secer A.D)
- SFIR (Fabrika Secera Te-to Senta A.D)
- Ukraine/Aval/2004/Warehouse Recipt Programme
- Kazakhstan/Bank Caspian/2004/Agri.Comm.Financing Program
- Kazakhstan/Bank CenterCredit/2004/Agri.Comm.Fin.Program
- Obolon Phase II
- Russia/Vneshtorgbank 2004/Agri. Com. Fin. Programme
- Probusinessbank LCL
- SFIR (Star Secer A.D)
- BCC Grain Financing First Loss
- SFIR 05 (Fabrika Secera Te-to Senta A.D & Star Secer AD)
- ATF Grain Financing First Loss Guarantee
- Bank Caspian Grain Financing First Loss Guarantee
- Kazakhstan/Alliance Bank/2005/Warehouse Receipt Program
- Mladost Sid
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Transition impact:
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The framework will demonstrate a new cost-efficient method of working capital financing of the agribusiness sector throughout the Bank’s countries of operations. It will simplify the administration of loans and reinforce the legal surety of all parties involved in credit transactions. It will also improve the functioning of markets by reducing the seasonal fluctuations of commodity prices and will make markets more efficient and financing more economical by contributing to the development of the secondary market for warehouse receipts.
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The client:
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The ultimate beneficiaries of the Framework will be local agribusiness SMEs. The Bank’s obligors may also be local banks if the funding to the ultimate borrowers is channelled through them.
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EBRD finance:
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US$ 200 million (€233 million) Framework.
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Total project cost:
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To be determined on a case by case basis.
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Environmental impact:
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Where the Bank is working through a local financial institution (FI), the FI will require that borrowers comply, at a minimum, with relevant local environmental standards for environment, health and safety, and do not engage in activities listed on the Bank’s Environmental Exclusion List. Where the Bank is lending directly to an agribusiness SME, due diligence will be conducted to ensure that the company complies with national and relevant EU standards or World Bank guidelines.
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Technical
cooperation:
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TC funding will be needed in the future to raise awareness of warehouse receipts financing among local market players and may also be provided to assist with the implementation of the individual project under the framework.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Felix Potishman, Operation Leader: potishmf@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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