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Asia Development Bank will invest USD12million Dollars in TJK cotton industry

Asia Development Bank will invest USD12million Dollars in TJK cotton industry

Write: Millicent [2011-05-20]

To help TJK accelerate cotton production and improve cotton profit, Asia Development Bank is ready to invest 12million USD in TJK, which includes 5.5million loan for 32years with 1.5% dividend and 1% dividend for first eight years and 6.5million USD assistance from Asia Development Fund.

TJK will invest 3.29million. The expert of Asia bank shows that the finance support and correct instruction to poor class is necessary for developing cotton plant industry in TJK because the loss in cotton industry mainly ascribe to poverty. To make cotton reach international standard and entering into international market directly, TJK government will build two custom cotton storage with international standard.