The board of executive directors of the World Bank has approved a $240mn project entitled "Development of animal husbandry in Uzbekistan. Phase 2".
Within the framework of the project, the international financial institution will assist in the creation of a productive, competitive, inclusive and climate-resilient livestock sector in the country.
As noted in the project report, productivity in the Uzbek livestock sector remains low, with local producers unable to meet domestic demand. According to forecasts, by 2035, if no changes are made, milk and meat production in the country will meet only 59% and 52% of domestic needs, respectively.
For the implementation of the project, the World Bank will allocate financing that includes:
- concessional loan from the International Development Association (IDA) for $150mn (maturity — 30 years, including a five-year grace period);
- a loan with a low interest rate from the International Bank for Reconstruction and Development (IBRD) of $90mn (maturity — 24.5 years, grace period — 4.5 years).
The funds will be channelled towards the development of public services in the field of animal husbandry; development of market and production infrastructure; development of eco-friendly and climate-resilient value chains in the field of animal husbandry.
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