Term Financing in Agriculture: A Review of Relevant Experiences (Volume I - Main Report, Volume II - Case Studies, Executive Summary)
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Rural term and investment finance has received little attention by donors and the micro-finance industry over the past decade. This prompted FAO's Rural Finance Group and Investment Centre to jointly carry out a multi-country study on innovative approaches to financing the investments of small farmers. The research was co-funded by the World Bank. Due to the scarcity of literature on empirical examples or best practices, a number of case studies were conducted which illustrate how a variety of f inancial and non-financial institutions in different countries and regions have tackled the provision of term finance to agriculture. Volume I (Main Report) of the study illustrates the use of different financial instruments such as term loans, leasing, equity, deposits and matching grants for financing agricultural term investments. The focus is on innovative financing technologies, institutional settings and contractual arrangements to manage risks, reduce transaction costs and overcome collateral constraints. Particular attention is paid to the financing of long-term investments such as tree crops. In addition, some complementary measures and policy options for enhancing the environment for both the supply and effective demand for term finance are discussed. Volume II presents ten case studies from Bolivia, India, the Philippines, South Africa and Thailand. The Executive Summary is targeted to professional officers working in government institutions and internation al financing agencies. It summarizes the main lessons and discusses several issues and options for expanding the "financial frontier" of term finance in a sustainable way.