Agricultural producers in Karakalpakstan and Khorezm are granted preferential treatment

Loans for the implementation of water-saving technologies will be provided to agricultural producers in the Republic of Karakalpakstan and the Khorezm region at an interest rate of 10 percent. This provision is outlined in the 'Uzbekistan-2030' strategy, which was approved by Presidential Decree.

Starting from November 1, 2023, the following measures will be implemented:

•    A mechanism for suspending financing, lending, and other financial operations will be introduced for projects that have not received a positive environmental expert opinion.

•    In addition to compensating for damage caused by environmental violations, the obligation to restore the affected natural area and ensure its protection for a specific period of time will be imposed.

Beginning January 1, 2024, the following initiatives will be put into effect:

•    The republic will establish long-term water balance forecasting and adopt programs for conserving water resources.

•    Loans for the implementation of water-saving technologies will be provided to farmers in the Republic of Karakalpakstan and the Khorezm region at an interest rate of 10 percent, with interest rate subsidies."