Home / Knowledge / News / Association / Tajikistan tackles debt crisis & competitiveness of cotton sector

Tajikistan tackles debt crisis & competitiveness of cotton sector

19
Jun '07
The World Bank Board of Executive Directors endorsed a USD15 million credit for Tajikistan 's Cotton Sector Recovery Project. The project, to be funded by the International Development Association, aims at improving the livelihood of cotton farmers and supporting the cotton production in selected, low-income areas of Tajikistan.

The project will assist the Government with resolving the debt crisis among cotton producers, improving the policy environment, and increasing cotton output and profitability.

Cotton makes an important contribution to both the agricultural sector and the national economy. Cotton accounts for 60 percent of agricultural output, supports 75 percent of the rural population, and uses 45 percent of irrigated arable land.

At the national level, it is an important source of both export earnings and tax revenue. Tajikistan is the world's fourth largest exporter of cotton, and there is strong demand on international markets for its high quality product.

Given the importance of the cotton sector, the current combination of low productivity, low on-farm profitability and excessive debt are major impediments to agriculture sector development and rural poverty reduction.

Overdue debt is the most visible aspect of this crisis, paralyzing the private sector ginneries and export marketing agents who provide most seasonal finance, and inhibiting access by cotton producers to alternative markets.

In addition, theprivatization of collective farms has been slowed because the growth of alternative sources of rural finance has been constrained, markets for farm inputs are distorted, and a large proportion of Tajik farmers live in abject poverty.


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2020

Indonesia expects economy to shrink by 1.7-0.6% this year

Indonesia recently revised down its 2020 gross domestic product...

Pic: Shutterstock

Textiles | On 25th Sep 2020

Raise India-Arab econ ties to strategic bond level: MEA

India-Arab economic partnership should be elevated to a level...

Pic: Shutterstock

Retail | On 25th Sep 2020

Nov-Dec holiday shopping season meaningless: AlixPartners

The formal November-December definition is 'meaningless' this...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Rahuul Jashnani, Jashn

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search