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Turkmenistan to return part of foreign loans allocated to agricultural sector by end of 2021

Business Materials 12 March 2021 13:57 (UTC +04:00)
Turkmenistan to return part of foreign loans allocated to agricultural sector by end of 2021

BAKU, Azerbaijan, March 12

By Jeila Aliyeva - Trend:

foreign loans in the amount of $822.2 million have been attracted and disbursed to the agricultural sector of Turkmenistan in recent years, said Turkmen President Gurbanguly Berdimuhamedov, Trend reports with reference to Turkmenistan’s State News Agency.

Currently, the loan balance is $607.7 million, of these, $145 million is due for a refund between March and December of this year.

Reportedly, agriculture in Turkmenistan is developing rapidly. It is one of the most important sectors of the country's economy. The main types of crops grown on the territory of Turkmenistan are wheat, cotton, rice, sugar beet, fodder, vegetable, and fruits.

The development of agriculture is carried out on a scientific basis. Various types of crops are grown taking into account the agro-ecological characteristics of the country's regions.

Special attention is paid to increasing the volume of products in Turkmenistan. As a result, in recent years, the country has increased the production of vegetables and fruit, and berries and enlarged the area of perennial plants, vineyards, and greenhouses.

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Follow the author on Twitter: @JeilaAliyeva

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