|WAREHOUSE RECEIPT SYSTEM PROJECT|
implementation in a number of African countries. The two projects were formulated in 1995/96 upon the realization that one of the main constraints in commodity trade was lack of a system that enables access to trade finance using commodities as collateral.
The WRS project is funded by the Common Fund for Commodities (CFC), co-sponsored by the International Coffee Organisation (ICO) and the Government of Uganda. The project is implemented through the Ministry of Tourism, Trade and Industry (MTTI) with Uganda Coffee Development Authority (UCDA) and Cotton Development. The Natural Resources Institute (NRI) has been sub-contracted to guide implementation of technical components of the project.
The WRS Project Implementation
The project focus on developing and strengthening the following areas:
1. Promotion of privately run Warehouse System and establishment of a collatealrisable Warehouse Receipt System.
2. Improve and strengthen coffee/cotton quality assurance services.
3. Improve and strengthen coffee/cotton quality assurance services.
4. Develop a system of Commodity Trade Finance based on commodity inventory collaterisation and Warehouse Receipt System.