Sat, 18 October
17.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

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

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img