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Economy

Mirziyoyev’s Andijan day: 500,000 sum a tonne for cotton sold through the exchange and a crossing to Kyrgyzstan twice the size of Dustlik

President Mirziyoyev, at a meeting in Andijan on Thursday, ordered a subsidy of 500,000 sum for every tonne of cotton that farmers sell through the commodity exchange, paid also to the clusters that buy it there, and 1.5 million sum a hectare for clusters growing cotton on their own land, Gazeta.uz reported at 14:55; the interest on textile exporters’ loans is proposed to be compensated above 5% in foreign currency and above 14% in sum for 3 years, and the government is to draft a refund of 3% of the value of goods sold through marketplaces. Out of the same day in Andijan came a border post: Keskanyor, agreed with the Kyrgyz side, twice the size of Dustlik, to be designed and started within 3 months.

A minimalist chalk map on dark slate of a valley border drawn as one white line with two gaps, an amber arrow passing through the wider gap.

That 14% threshold is the central bank’s policy rate, held there on 16 September, so a sum loan to a textile exporter would cost the borrower no more than the policy rate and the state the rest; the 5% threshold on foreign-currency loans does the same for dollar borrowing. The subsidy comes with a turnstile. Cotton must pass through the exchange to earn it. No decree number and no total sum were named in Gazeta.uz’s account.

Keskanyor is the second decision’s name. The post on the border with Kyrgyzstan is to be twice the size of Dustlik, the crossing that carries the Andijan to Osh traffic, and the presidential press secretary’s channel put the effect at 2 to 3 times the cargo volume and a week off delivery times, Gazeta.uz wrote at 14:40; the agreement on opening it “has already been reached with the Kyrgyz side”, and the design and the start of construction are to come within 3 months.

Cotton must pass through the exchange to earn it.

The visit’s frame is Wednesday’s ledger: 206 projects worth $9.4 billion for the region, 98 of them completed for $2.05 billion and 108 under construction for $7.35 billion, 45,000 jobs, 60.6 trillion sum a year of output when they run. Thursday’s decisions are smaller and closer to the field: a price per tonne, a rate per hectare, a rate per loan, and a gate in the Fergana valley’s border that Tashkent and Bishkek have agreed to widen.