World Bank to Launch Sustainable Livestock Development Project
The World Bank and the Kazakh Ministry of Agriculture will launch a project for the sustainable development of livestock production from 2020 until 2024. The project will ensure Kazakhstan to become one of the key exporters of meat in the region. The project also aims to increase the number of farms as well as the productivity of the sector in the country.
According to World Bank, the loan for the project will be up to US$500 million. It will provide support for the implementation of the Agro-Industrial Complex State Development Program and the national strategy of the development of beef cattle breeding.
The loan from the World Bank will be allocated to certain areas such as the creation of new small and medium-sized farms in rural areas as well as the development of beef cattle breeding by training the small and medium-sized farmers. This will bring the improvement in the veterinary service, traceability in the meat industry and ensuring the quality of meat products. As part of the project, there will also be investments for improving pastures and the forage base,” said Senior Agriculture Economist of World Bank Group, Artavazd Hakobyan.