BAKU, Azerbaijan, December 22. Kazakhstan’s Koksu sugar plant will receive a soft loan of 1.18 billion Kazakh tenge ($2.5 million) in exchange for increasing supplies to the Kostanay region, Trend reports, citing Kazakh media.
According to the agreement, the plant will supply 2,430 tons of sugar to the region, which will boost the stability of the food prices.
Koksu plant will have to pay 0.1 percent of annual interest as a part of the deal with a tenor of one year.
Allocation of a loan on favorable conditions is a part of the government strategy of insuring stability in the key markets. As a part of the strategy, the Ministry of Trade and Integration and the Ministry of Agriculture of Kazakhstan have allocated 25 billion tenge ($53.4 million) for supporting the operations of several enterprises.