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    Economics

    World Bank allocates $300 mln of soft loans to livestock industry in Uzbekistan

    World Bank allocates $300 mln of soft loans to livestock industry in Uzbekistan

    300 million dollars of soft loans will be allocated to the livestock industry in Uzbekistan from the World Bank fund, the chairman of the State Committee for Veterinary and Livestock Development and the head of the Department of Agriculture and Food of the European and Asian Regions of the World Bank announced during the meeting.

    The preparation of the project, "Second stage project for the development of the livestock sector in Uzbekistan" will be completed in December, and preliminary agreement work will be carried out by the end of the year.

    At the moment, within the framework of the planned project, measures are being taken to organize livestock complexes "ready for use" and to transfer the complexes to the private sector on the basis of the terms of leasing.

    The proposal of the experts of the committee was presented on solving the issues of allocating land to entrepreneurs, not requiring them to provide collateral and organizing modern livestock complexes that meet the requirements of the climate.

    It is envisaged to create about one hundred thousand new jobs in Uzbekistan's livestock industry and its branches at the expense of the preferential funds of this international financial institution.  

    04.10.2022, 13:39   Comments (0)   681
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