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ADB to fund cotton industry in Tajikistan

ADB to fund cotton industry in Tajikistan

MANILA, Dec. 4 (Xinhua) -- The Asian Development Bank (ADB) will help restore the productivity and profitability of Tajikistan 's cotton industry through a loan and grant package totaling 12 million U.S. dollars, an ADB report said on Monday.

The cotton industry is the country's main source of farm income, agricultural exports, and rural employment. However, it has been underperforming, with yields and profitability on the decline, largely due to the substantial and increasing cotton farm debt, said the report.

This debt, estimated at 292 million U.S. dollars in early 2006, was incurred by cotton farms under a complex system of production credit ...

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