Friday, July 19 2019 16:25

ArmInfo. On July 19, Armenian Economy Minister Tigran Khachatryan received a delegation of the World Bank (WB), led by a senior agricultural economist and head of  the working group Bekzod Shamsiev.

According to the press service of the Ministry of Economy, during the  meeting issues related to the implementation of the second stage of   the Community Agriculture Resource Management and Competitiveness  Project (CARMAC 2) and the grant program the Agricultural Policy  Monitoring and Evaluation Capacity Building Project (APMECB PHRD)  were discussed.

Representatives of the World Bank noted that the main objective of  the mission is to monitor the activities related to the  implementation of the agreements reached during the May mission, as  well as with the implementation of these programs. Parties pointed to  the need to make efforts to increase the expected results of the  program "Second Community Agriculture Resource Management and  Competitiveness Project (CARMAC 2) and more efficient use of  resources.

Tigran Khachatryan and the WB team agreed to bring the program into  line with the strategy currently being developed in the agricultural  sector. An agreement has also been reached on the exchange of views  on land use and the fight against infections.

In February 2018, ArmInfo reported that the Agricultural Development  Fund launched Second Community Agriculture Resource Management and  Competitiveness Project (CARMAC 2) . The program started in 2015 and  is aimed at promoting the agro-processing industry. In particular,  the matter concerns the processing of fruits and vegetables, meat,  fish, the production of dairy products, honey, the cultivation of  valuable berries, etc.

To recall, Armenia has been a member of the World Bank since 1992. In  total, the WB provided Armenia with funds in the form of loans and  grants for $ 2.3 billion. As a rule, a third of these funds is spent  on reimbursing the budget deficit and another third - to finance  infrastructure projects. On March 28 of the current year, the Board  of Directors of the World Bank approved a new credit line of $ 500  million for Armenia to ensure sustainable and inclusive growth and  improve the welfare of the country's population within the framework  of the Country Partnership Framework (CPF) for 2019-2023. In order to  overcome poverty and stimulate general welfare, the WB, through the  CPF, intends to assist Armenia in three areas - stimulation of export  and competitiveness of enterprises, development of human capital and  equality, sustainable management of the environment and natural  resources.