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Armenia : WORLD BANK gives provides US $32.67 million to boost competitiveness of AGRICULTURE

June 25, 2014

The World Bank Board of Executive Directors gave the go-ahead to a US $32.67 million funding for the Second Community Agricultural Resource Management and Competitiveness Project for Armenia. This Project is designed to enhance sustainability and productivity of livestock and pasture systems in up to 100  communities in the eight regions with significant pasture areas and raise the marketed production from chosen livestock and high value agri-food value chains.

For the men and women living in Armenia s rural communities, agriculture is the primary source of livelihoods and employment. Thus, developing farmers productivity, including through associations and cooperatives, and strengthening the links between the food processing industry and agricultural producers are crucial. The project will address key constraints by supporting the commercialization procedure, improving market access, and improve employment opportunities while protecting the natural environment. The second CARMAC expands the scope of the first project, notably its pasture-based livestock activities, to include a new value chain component connecting livestock and other agriculture production with markets.

Jean-Michel Happi, the World Bank Country Manager for Armenia said, Enhancing productivity and strengthening market access of farmers are key to reducing poverty and boosting shared prosperity in rural areas. Project activities are devised in such a way as to mainly benefit pasture users, farmer cooperatives, as well as food business operators. At least 50,000 farmers are expected to participate in this project through their membership in Pasture Users Cooperatives (PUC).

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Source: TendersInfo (India)

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