WB eyes to allocate $500M for development of agriculture in Uzbekistan
Baku, Azerbaijan, Oct. 11
By Fakhri Vakilov - Trend:
World Bank (WB) intends to allocate $ 500 million for the development of agriculture in Uzbekistan, as was stated during the meeting of Uzbekistan’s First Deputy Minister of Employment and Labor Relations Erkin Mukhitdinov with World Bank officials, Trend reports with reference to the Ministry.
During the meeting, sides discussed the prospects of the $200 million agricultural development project in the Fergana Region, as well astwo credit line projects worth $150 million.
The World Bank is launching a $500 million project to support the implementation of the agricultural development strategy in Uzbekistan.
The first part of the project will cover 55 specialized areas for the production of fruits and vegetables, and the second will focus on the development of lending in the field of intensive gardening. It is also planned to build two specialized centers in this area in Bukhara and Khorezm regions.
Following the meeting, the parties agreed to identify priority areas for mutually beneficial cooperation.
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