Kazakhstan to introduce subsidized loans for the purchase of agricultural…

(MENAFN – Trends News Agency)

BAKU, Azerbaijan, July 14. Kazakhstan’s President Kassym-Jomart Tokayev has called for introducing a repayable loan facility to purchase locally produced agricultural machinery at an expanded government meeting, Trend reports.

“The medium-term food security plan was developed on my instructions, but we only see a set of good aspirations instead of a specific algorithm of actions in this plan,” Tokayev said.

According to him, it is also necessary to deepen the question of the massive renewal of the park of agricultural machinery.

“Using all possible sources of funding is very important. I direct the introduction of a reimbursable loan facility to purchase domestic agricultural equipment financed by ROP Operator LLP. It is impossible to talk about ensuring food security without a developed agro-industrial complex. This is an axiom,” Tokayev noted.

He also added that crop yields in Kazakhstan lag far behind global indicators.

“We are heavily dependent on imported seeds. The government should develop primary seed production based on pilot farms,” Tokayev said.


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