|
|
ADB to fund cotton industry in Tajikistan
- Article from:
-
Xinhua News Agency
- Article date:
-
December 4, 2006
|
Copyright informationCopyright 2006 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
|
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 ...