▲ Up
 
07:41 26-06-2017
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
World Bank to allocate $410.3 mln for agriculture sector of Uzbekistan
15:36, 13 June 2014, 1937

AKIPRESS.COM - Uzbek vegetables The World Bank’s Board of Executive Directors approved financing totaling $410.3 million for two projects in the agriculture sector of Uzbekistan: the Horticulture Development Project and the South Karakalpakstan Water Resources Management Improvement Project.

The two new projects will contribute to achieving the World Bank Group’s twin goals to end extreme poverty and boost shared prosperity. They are part of the Bank Group’s Country Partnership Strategy for Uzbekistan for 2012-2015.

The Horticulture Development Project (IBRD loan of $150 million) will contribute to poverty reduction in Uzbekistan by assisting horticulture farmers, to increase their farms’ productivity and incomes. At the same time, the project will promote shared prosperity by supporting the growth and development of small and medium enterprises in the rural areas, creating more and better paying jobs in the agro-processing, trading and export sectors, and increasing the value added of the agricultural sector.

The project has three components: 1) Agricultural Support Services, 2) Access to Credit, and 3) Project Management, and will be implemented in eight regions of Uzbekistan.

The South Karakalpakstan Water Resources Management Improvement Project (IDA credit of $242.50 million and IBRD loan of $18.22 million) aims to restore irrigation and improve water management in a sustainable and financially efficient manner in one of the poorest areas in Uzbekistan.

The project will remove the current dependence of the farmers in the project area on energy-inefficient pumping by developing a gravity off-take from Tuyamuyun reservoir and dismantling all lower Amu Darya pumping stations currently serving the project area. It will strengthen institutions and capacities, and improve performance of public irrigation and drainage service delivery.

Both new projects will help the Government of Uzbekistan in its strategy to modernize agriculture in the country, including support for cotton harvest mechanization, promotion of agricultural diversification away from cotton by improving farmer access to new technologies, finance and markets, measures to mitigate state intervention in cotton production, and assistance for cotton certification to capture the premium on cotton that is produced in compliance with international labor standards.


Full access to all news articles in English

1 month2000 somsubscribe
year20000 somsubscribe
These subscription fees are for private individuals only. Please contact us via phone +996 (312) 900-776 or email info@akipress.org for corporate subscription inquiries
Twitterfacebookprint
LATEST NEWS
20:14 Atambayev extends condolences to Chinese Xi over landslide leaving a lot of people missing19:59 China landslide leaves 120 missing in Sichuan18:25 Population of Kazakhstan nears 18 mln people — Nazarbayev18:06 Five arrested after Saudi security forces foil attack on Grand Mosque in Mecca17:29 Tatarstan President asks Kyrgyzstan to consider opening of Consulate General in Kazan17:20 Water level in most rivers of Kyrgyzstan about 179% of normal range17:13 ‘We didn’t raise this issue at all’ – Atambayev about reports on sending Kyrgyz troops to Syria16:39 'I've been very satisfied' – Atambayev after state visit to Russia15:58 Kyrgyz government provides aid to families of gas station explosion victims14:49 EBRD finances better street lighting in two cities in East Kazakhstan13:56 Bishkek hosts forum of education workers12:45 OSCE and UNODC offer training on countering terrorism financing in Kyrgyzstan12:37 "Kyrgyzstan and Kazakhstan, the two independent, sovereign states will never get trapped by Syrian crisis": FM Abdrakhmanov10:40 MPs present draft amendments allowing renting out of apartments in tourist zones10:30 Two citizens of Kyrgyzstan die in Moscow sewage well10:11 Number of illegally issued passports reduces in Kyrgyzstan in 5 years — General Prosecutor's Office09:53 Project on connecting renewable energy resources of Mongolia to regional network to be implemented09:31 Camden flats: Hundreds of homes evacuated over fire risk fears09:19 ‘Kyrgyzstan looking forward Tatarstan’s support of Taza Koom project’ – Atambayev09:00 Over 80% of Kyrgyzstanis including smaller number from Issyk-Kul region deliver biometrics — survey
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75