Uzbek government to provide collateral-free loans for fisheries

Uzbek government to provide collateral-free loans for fisheries
/ bne IntelliNews
By bne IntelIiNews April 18, 2023

The Uzbek government is planning to allocate collateral-free loans to fisheries.

During a meeting on supporting the production of animal and poultry products on April 17, Uzbekistan's President Shavkat Mirziyoyev noted the potential for ramping up fish production to 850,000 tonnes. To help meet this objective, unsecured loans of up to UZS 50mn ($4,370) will be allocated to fish farm projects under family entrepreneurship programmes. Additionally, natural reservoirs will be leased to fish farmers via online auctions.

Some 290 projects were implemented in the Uzbek fisheries sector in 2022.

The country's number of poultry farms, meanwhile, has reached 1,300. Eggs supply is up 4% and meat supply 28%.

The number of heads of cattle in Uzbekistan now totals 14mn, while there are 24mn sheep and goats, government statistics show.

Funds totalling $35mn will be allocated from the Fund for Reconstruction and Development this year towards the provision of feed and working capital to poultry farms, officials earlier said.

In addition, subsidies for the import of breeding chickens introduced last summer will be expanded. Officials want to see the annual production of poultry meat pushed up to 800,000 tonnes.

By the end of this year, a livestock labelling and identification programme will start, partly funded by the World Bank.

Related Articles

Ferkensco to construct $600mn nitrogen fertilizer plant in Uzbekistan’s Karakul FEZ

Investment company Ferkensco Management is to construct a 495,000 tonne/year nitrogen fertilizer plant in Uzbekistan’s Karakul Free Economic Zone (FEZ), UzA ... more

Foreign investors will likely only pick up shares from Uzbekistan’s ‘People’s IPOs’ in secondary market says Bluestone head

International investors will probably only be able to pick up shares in Uzbekistan’s next wave of privatisations—dubbed the “People’s IPOs”—in the secondary market. That’s according ... more

Uzbekistan's Mirziyoyev appoints daughter to position seen as ‘head of presidential administration’

Uzbekistan's President Shavkat Mirziyoyev has appointed his 38-year-old daughter, Saida Mirziyoyeva, as an assistant to the president, the official Telegram channel of the president announced on ... more