ECX to Further Strengthen Warehouse Receipt Financing Scheme
The Ethiopian Commodity Exchange (ECX) announced it will further strengthen the warehouse receipt financing scheme during the opening of the Warehouse Receipt System for Inclusive Agricultural Finance Symposium.
The scheme makes farmers eligible for bank loan using their Warehouse Receipt issued by the Exchange for commodities stored in ECX warehouses as collateral.
ECX Chief Executive Officer, Eleni Gebre-Medhin, told participants at the Warehouse Receipt Systems for Inclusive Agricultural Finance Symposium, organized jointly by ECX and the International Finance Corporation (IFC), amount exceeding 1.5 million USD warehouse receipt financing service was made available to framers last year. The scheme has considerably assisted smallholder farmers who would have no choice but to sell produce at low prices.
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quarter of 2012 it was learned. 

