Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Asia & Pacific




Public Administration News  
Share
Uzbekistan: ADB to Allocate 154 Million Towards Development of Horticulture
Source: http://uzreport.uz
Source Date: Tuesday, November 29, 2016
Focus: Electronic and Mobile Government
Country: Uzbekistan
Created: Dec 07, 2016

The Asian Development Bank on November 28 approved $154 million loan to improve horticulture in Uzbekistan.

"ADB's support will help to expand access to long-term financing for farmers engaged in horticulture, and businesses involved in the supply chain in the field of horticulture", Bui Minh Ghaip, senior economist for natural resources and agriculture at Regional Department for Central and West Asia of ADB said. "This will allow them to increase their investments, maintain and increase employment, and generate sustainable incomes for themselves, their employees and suppliers".

Eight banks were selected among commercial banks who have expressed interest in participating in the project: Asaka Bank, "Davr-Bank", "Hamkorbank" "Ipak Yuli", "Ipoteka-Bank", National Bank for Foreign Economic Activity of the Republic of Uzbekistan, "Turonbank" and "Uzpromstroybank".

In addition to expanding access to finance, the project will provide support to sub-debtors - farmers and enterprises to improve their business planning, agronomic methods, post-harvest activities and the skills necessary to enter the market.

Since the joining of Uzbekistan to the ADB in 1995, the country received $5.1 billion in loans and $64,9 million in grants for technical assistance.

News Home

 Tag This
 Tell A Friend
 Favorite
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 190

Comments: 0 Favorited: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2019 by UNPAN - United Nations Public Administration Network