...

WB to support sustainable development of beef production in Kazakhstan

Business Materials 3 July 2020 16:12 (UTC +04:00)
WB to support sustainable development of beef production in Kazakhstan

BAKU, Azerbaijan, Jul. 3

By Nargiz Sadikhova - Trend:

The World Bank will take measures to support an environmentally sustainable development of beef production in Kazakhstan, Trend reports with reference to the World Bank (WB).

Thus, the bank has approved a funding of $500 million within the program.

“The Government of Kazakhstan has declared its intention to develop an export-oriented livestock sector in order to diversify its exports away from minerals and oil; better use its enormous natural resource potential; and promote rural development by creating jobs in rural areas. In this context, the Government’s ten-year Program – The Concept of implementation sectoral investment program for livestock industry development, 2018-2027 – addresses these key development objectives,” the WB said.

The Kazakh government has requested support for the newly formulated National Livestock Development Program for 2018–2027 through a $ 500 million Program-for-Results (PforR) loan – the Sustainable Livestock Development Program (the Program).

The Program Development Objective (PDO) is to support the development of an environmentally sustainable, inclusive, and competitive beef production in Kazakhstan.

“The results areas identified under the program are expected to largely result in positive effects in the livestock sector and the rural economy,” the WB said.

Over a period of five years, the program aims to achieve a 10 percent increase in the share of public expenditure for sustainable beef production and processing, and a three-fold increase in the value of beef exports. In addition, around 20,000 small and medium farmers will be connected to export value chains.

---

Follow the author on twitter: @nargiz_sadikh

Tags:
Latest

Latest