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.

MENAFN14072022000187011040ID1104528909


Legal disclaimer: MENAFN provides the information “as is” without warranty of any kind. We assume no responsibility for the accuracy, content, images, videos, licensing, completeness, legality or reliability of any information in this article. If you have any complaints or copyright issues related to this article, please contact the provider above.

About Jon Moses

Check Also

TriCo Bancshares (NASDAQ:TCBK) Receives Consensus ‘Moderate Buy’ Rating from Analysts

TriCo Bancshares (NASDAQ: TCBK – Get a rating) received an average “moderate buy” rating from …