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World Bank will help to develop agriculture in Kazakhstan

5 October 2018 12:28 (UTC+04:00)
World Bank will help to develop agriculture in Kazakhstan

By Abdul Kerimkhanov

A round table meeting with the participation of the World Bank group was held in the government of Kazakhstan, during which prospects for the development of beef cattle and sheep breeding industries were discussed.

Representatives of the World Bank expressed their willingness to finance measures to develop the agricultural sector in Kazakhstan.

As part of a memorandum on support, agreements were reached on the implementation of joint measures aimed at promoting Kazakh agricultural products to China’s markets.

The World Bank’s permanent representative in the republic, Ato Brown, presented the final diagnostic review of the private sector in Kazakhstan, conducted by the World Bank in 2017.

He noted the importance of the development of traditional livestock industries - beef cattle and sheep - because there are large markets for meat consumption in Russia and China, free pasture resources and human potential.

World Bank experts shared their experience in creating a system of traceability of livestock products for the development of the meat sector and increase of export potential. In particular, with the support of the World Bank, such systems were built in Uruguay and Brazil.

Tabare Aguerra, Senior Agriculture Consultant of the World Bank, former Minister of Agriculture of Uruguay, also participated in the round table meeting.

He spoke about the experience of Uruguay in the development of the sector of beef cattle and access to export markets. Currently, Uruguay occupies up to 10 percent of the world market for beef exports. He noted the importance of developing small family farms for building a chain of beef production.

During the period of cooperation, the World Bank provided loans to Kazakhstan to finance 46 projects totaling over $ 8.1 billion. The World Bank’s project portfolio includes 22 projects, of which seven are ongoing and 15 projects under partnership agreements totaling $ 4.1 billion.

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