Duration:

 Six months

Location:

 Côte d'Ivoire

Nature of Project:

 Market Access

Estimated total Cost:

US$ 308,000

Financing commited by ACBF:

US$ 200,000

Co-Financing
US$ 58,000
Counterpart financing
US$ 50,000
Project Executing Agency (PEA):

 ELENI-LLC Consultancy

Project Supervisory Body:

International Cocoa Organization (ICCO)

Project Starting Date:

 September 2013

Completion Date:

 March 2014

 

Brief Description:

The creation of warehouse-receipt systems and commodity exchanges is seen as a valuable means of improving the performance of agricultural marketing systems in Africa, following the liberalization introduced in the 1980s. Progress in the promotion of these systems and the related market institutions in Africa have generally been slow or limited. However, judging by the successful experiences in a number of developing countries in Asia and Latin America, as well as in South Africa, there is every reason to expect that such systems can become a strategically-important element for transforming agricultural marketing systems in Africa, helping to address some of the factors contributing to the present inefficiency in the trading of agricultural produce, and at the same time contributing considerably to the reduction of poverty among the rural population.  Given the importance of the agriculture sector for the economy of Côte d’Ivoire and the innovative nature of this project, it is important to conduct a feasibility study for the development of warehouse-receipt systems and of a commodity exchange in the country, to ensure a correct framework is put in place for the agricultural sector to thrive and have a positive impact on farmers’ livelihood.

 

Project Objectives:

The main objective of the project is to carry out a feasibility study in Côte d’Ivoire with a view to assessing the potential and possible conditions for the creation and operation of a commodity exchange, based on a warehouse receipt system.   This exchange would include transactions involving the key country’s agricultural commodities (cash and subsistence crops).

 

Project Status:

The ICCO Secretariat is in consultations with authorities in Côte d’Ivoire and the consultant to start the study, expected to begin before the end of 2013.

ICCO Secretariat

International Cocoa Organization
Westgate House
Ealing
London W5 1YY
United Kingdom

Tel:  +44 (0)20 8991 6000
Fax: +44 (0)20 8997 4372
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