BAKU, Azerbaijan, February 11. Kazakhstan eyes implementing 291 agriculture projects worth around 536 billion Kazakh tenge ($1.18 billion) in 2023, Alikhan Smailov, Prime Minister of Kazakhstan, said, Trend reports, citing the Mazhlis of the Parliament of Kazakhstan.
The information was provided in the response of the prime minister to the Parliamentary inquiry put forward some time ago.
The implementation of the projects will lead to the creation of 6,600 workplaces.
In total, the Kazakh government aims to implement 967 agriculture projects worth 2.8 trillion Kazakh tenge ($6.21 billion) by the end of 2026.
Smailov added that Kazakhstan will allocate 52.4 billion Kazakh tenge ($116.25 million) to microfinance rural population and improve their level of income in the framework of the relevant program. Government estimates suggest that around 11,000 microloans will be issued in the framework of the program.
The loans will be issued with a maximum tenor of seven years, with an interest rate set at 2.5 percent.
Recently, Kazakhstan discussed the draft Concept for the development of the agro-industrial complex until 2030. The Concept was developed with the participation of government representatives, experts, and business leaders.
The document is expected to serve as a strategy for combating global challenges and potentially harmful global trends, which may harm the Kazakh agriculture sector.