22:38 21-10-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
World Bank to allocate $410.3 mln for agriculture sector of Uzbekistan

Bishkek (AKIpress) - 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.


Twitterfacebookprint
15:36 13.06.2014
LATEST NEWS
17:23 Return on pension assets in Kazakhstan to reach 6.6% by 2014 end - Central Bank17:18 President Atambayev sends objection to anti-GMO bill17:05 17 companies from 12 countries buy kidney beans in Kyrgyzstan17:02 Main problem of Kyrgyz migrants in South Korea is illegal stay – Honorary Consul16:55 Kyrgyz Economy Ministry expects decrease of fuel prices in November16:51 Turkmenistan positioned in world as state with enormous oil, natural gas reserves – Gurbanguly Berdymuhamedov16:48 President, Parliament and Government order police to aggressively fight crimes, improve methods of work – Deputy Interior Minister16:43 Russia to transfer $30 million by year-end for Kyrgyzstan's budgetary support16:41 Current dollar/tenge exchange rate safe for Kazakhstan’s economy - Central Bank16:39 Population of Kyrgyzstan expected to reach 6 mln people by 201616:36 Kyrgyzstan's Foreign Ministry to open Honorary Consulates in Canada, Poland16:32 Interior Ministry pays special attention to identification of organized criminal groups, Deputy Interior Minister says16:27 Russia's economic sanctions provide new opportunities for agricultural producers from Kyrgyzstan – Federal Council Chair16:26 Journalists in Kyrgyzstan not taught on Islam-related news coverage – expert16:24 Turkmenistan rapidly emerging as industrially developed country – Turkmen President16:14 Introduction of sharia courts within legal system of Kyrgyzstan suggested16:06 Iran ready to cooperate with Kyrgyzstan in mining, transport sectors16:00 U.S. issues new Ebola treatment protocols15:53 Migrant workers from Kyrgyzstan blacklisted for petty offenses to be removed from list15:50 Opportunities for women to study Islam in Kyrgyzstan very narrow - expert
Astana
+2° C
Ashgabat
+20° C
Bishkek
+11° C
Dushanbe
+22° C
Tashkent
+17° C
exchange rates
 
70.74
55.46
9.04
1.36
231.50
181.50
29.64
4.43
6.38
4.99
0.82
0.12
3084.28
2367.40
385.74
61.13
3.63
2.85
0.47
0.07

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.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