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The Bank for Foreign Economic Affairs of Turkmenistan executes loan agreement with Deere Credit Inc.
Politics
The Bank for Foreign Economic Affairs of Turkmenistan executes loan agreement with Deere Credit Inc.
Published 09.10.2020
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The President of Turkmenistan signed the Resolution, authorizing the State Bank for Foreign Economic Affairs: - on behalf of the Government of Turkmenistan - the Recipient of the loan, to execute a loan agreement with the creditor - Deere Credit Inc. (USA) for seven-year period to finance 85% of the cost of agricultural machinery and equipment purchased by entrepreneurs - individuals and legal entities - from John Deere Walldorf GmbH & Co.KG, to register all necessary documents related to the loan agreement, their entry into force and management; - to conclude internal credit agreements for up to 7 years with banks serving entrepreneurs - individuals and legal entities that purchase agricultural machinery and equipment.

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