DUSHANBE, June 1, 2009, Asia-Plus — On May 30, President Emomali Rahmon signed a decree on additional measures to support the country’s agrarian sector, according to presidential press service.
By president’s decree debts that had arisen in the cotton subsector before January 1, 2008 should be settled by means of writing off debts, discounting, extending debt repayments and allowing repayment of debts by instalments, as well as issuing state securities.
The government is within a month to determine the policy of solution of the cotton subsector debt problem and prepare the plan of actions to reform the agrarian sector. The government is also to work out and endorse the rural social development strategy for 2010-20205 within six month.
Besides, the government jointly with the National Bank of Tajikistan (NBT) is to ensure repayment of residual debt to investors and set up an appropriate structure within a month period to ensure an order of restructuring the cotton subsector debt, monitoring and controlling timely repayment of debts to investors as well as the process of writing off the farms’ debts.
