IFAD launches $54 million worth program in Armenia
YEREVAN, January 21. /ARKA/. The International Fund for Agricultural Development (IFAD) has launched today a $54 million worth program designed to help finance infrastructure and rural communities development in Armenia, IFAD regional director for the Middle East, Central Asia, South Africa and Europe Khalid Bouzar said to a news conference.
According to her, the 6 year program will benefit 16,000 rural households for effective use of 6,000 hectares of land
"The aim of the program is the development of infrastructure by supporting the development of communities. The Fund for Rural Economic Development (FREDA) is already actively operating in Armenia", she said, noting that IFAD perceives Armenia as an innovative country
She said the program will be implemented with the support from the Global Environment Facility (GEF) that will secure the environmental aspects of the program by exporting smart technologies to Armenia.
Director of the office for the implementation of "Economic development of rural areas" project Ashot Vardanyan said the latest IFAD program is the seventh. Overall $260 million were channeled into such programs over the last 20 years, of which $90 million were invested by IFAD.
In turn, chief of government staff David Harutyunyan said that the well-being of rural communities play a key role in social development and economic security. "Thus, this project plays an important role for Armenia", said Harutyunyan.
The program will be carried out with the support from the OPEC Fund for International Development (OFID), the Global Environment Facility (GEF) and the government of Armenia.-0-
According to her, the 6 year program will benefit 16,000 rural households for effective use of 6,000 hectares of land
"The aim of the program is the development of infrastructure by supporting the development of communities. The Fund for Rural Economic Development (FREDA) is already actively operating in Armenia", she said, noting that IFAD perceives Armenia as an innovative country
She said the program will be implemented with the support from the Global Environment Facility (GEF) that will secure the environmental aspects of the program by exporting smart technologies to Armenia.
Director of the office for the implementation of "Economic development of rural areas" project Ashot Vardanyan said the latest IFAD program is the seventh. Overall $260 million were channeled into such programs over the last 20 years, of which $90 million were invested by IFAD.
In turn, chief of government staff David Harutyunyan said that the well-being of rural communities play a key role in social development and economic security. "Thus, this project plays an important role for Armenia", said Harutyunyan.
The program will be carried out with the support from the OPEC Fund for International Development (OFID), the Global Environment Facility (GEF) and the government of Armenia.-0-