Fri, 27 February
2.1 C
Yerevan
USD: 377.04 RUB: 4.90 EUR: 444.91 GEL: 141.00 GBP: 510.36

Armenia to receive $3 mln ADB grant to improve food security

YEREVAN, February 29. /ARKA/. The Armenian government at a meeting on Thursday approved signing a grant agreement with the Asian Development Bank (ADB) to implement a program designed to improve food security adapted to climate change.

The $3 million grant, which will be provided by the Japan Foundation for Prosperity and Resilience Asia-Pacific (JFPR), aims to improve food security in rural areas vulnerable to the effects of climate change.

The program will be implemented in two regions of Armenia – Shirak and Tavush, which have high levels of poverty among smallholder farmers, low food security and are exposed to climate risks.

“Ten villages will be provided with climate-resilient energy solutions designed to cut energy costs. Small solar photovoltaic panels will also be procured and revolving funds will be set up in which the energy saved from the solar panels will be invested in various agricultural projects,” the government said.

The program is open to farms that meet a number of criteria, such as those with one breadwinner, where the owner of the farm is a woman, with 4 or more children under the age of 18 and  with persons with disabilities in their care. -0-

spot_img

POPULAR

“Globbing” LLC’s bonds worth 1.5 billion drams and $2 million have been listed on Armenia Securities Exchange (AMX)

The Armenian Securities Exchange (AMX) today welcomed the entry of one of the leading online shopping companies, Globbing LLC (Global Shipping LLC), to the capital markets.

S&P assesses risks to Armenia’s financial stability as contained

International rating agency S&P Global Ratings assesses risks to Armenia's financial stability as contained.

Investment portfolio of Armenian credit institutions in 2025 exceeded 103 billion drams

The total investment portfolio of Armenian credit institutions at the end of 2025 amounted to 103.4 billion drams, according to the consolidated financial report of the country's credit institutions.

Armenia’s reserves reached a record $5.2 billion in 2025, forming an external resilience buffer – S&P

Armenia's international reserves strengthened significantly in 2025, providing an important buffer against unpredictable external factors, according to a report from international rating agency S&P Global Ratings.

Acba Bank places 10 billion dram-denominated bonds

Acba Bank has begun placing coupon-bearing book-entry bonds through a public offering for a total of 10,000,000,000 (ten billion) drams, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img