The World Bank and the Government of Uzbekistan signed a grant agreement of US$517,000 on 10 June to support agricultural reforms in the country
Published:
12 June 2004 y., Saturday
The World Bank and the Government of Uzbekistan signed a grant agreement of US$517,000 on 10 June to support agricultural reforms in the country. Funding for the grant is being provided by the Government of Japan.
The purpose of the grant is to support the implementation of the Rural Enterprise Support Project, which main objectives are to increase profitability and productivity in the agricultural sector; support the emergence of private sector initiatives; and ensure sustainability of the agricultural sector through rehabilitation of irrigation and drainage systems and improved farm management.
On behalf of the Government of Uzbekistan the grant was signed by Mr Rustam Azimov – Deputy Prime Minister and Minister of Economy. The World Bank’s Country Manager for Uzbekistan, Mr Martin Raiser signed the grant for the World Bank. His Excellency Mr Akio Kawato– Ambassador Extraordinary and Plenipotentiary of Japan to Uzbekistan took part at the ceremony.
In the words of Martin Raiser, “the signing of this grant is one further step in the implementation of an ambitious set of reforms developed by the Government with support from the World Bank in five pilot districts of Uzbekistan, which will bring higher incomes to farmers, increase their incentives to produce, and ultimately will significantly increase agricultural productivity”.
Šaltinis:
uzreport.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Chinese companies invested 3.62 billion US dollars in non-financial sectors overseas in 2004, an increase of 27 percent year-on-year
more »
Azerbaijan plans to slash zeroes from its banknotes in a currency reform aimed at making it easier to use by the public starting in 2006
more »
The Czech privatization agency received five preliminary bids for a majority stake in the country's dominant telecommunications company
more »
The European Investment Bank plans to increase its loan portfolio this year to a record high of €45bn (£31bn) and to take greater risks in its lending strategy
more »
According to preliminary data, investments in Moldova's fixed assets grew 8 percent to $403.4m in 2004
more »
An International Monetary Fund mission led by Poul Thomsen, senior IMF representative to Russia, will arrive for a one-week visit to Moscow on February 9
more »
The bank admitted, though, that in acting as agent for Russian foreign trade operations it had taken a loan from a group of Chinese banks to fund Russia’s long-term exports to China
more »
Ukraine's new prime minister ordered the government Saturday to begin the process of returning Ukraine's largest steel mill to state control with the aim of putting the mill back up for auction
more »
The World Bank is planning to assist Russia in entering global markets by providing it with consultations and exchange of experience
more »
Foreign Ministry spokesman said on 3 February that Belarus's foreign trade rose by 40 percent year-on-year in 2004 to $30.1 billion, including $19.1 billion with CIS countries
more »