Tuesday, November 14 2017 18:38
Tatevik Shahunyan

Asian Development Bank is ready to support development of agriculture sphere of Armenia

Asian Development Bank is ready to support development of agriculture  sphere of Armenia

ArmInfo. The issues of  cooperation with the Asian Development Bank (ADB) in the agrarian   sphere were discussed today by the Minister of Agriculture of Armenia  Ignaty Arakelyan and the Deputy Director General of the private  sector department of the bank Christopher Tiem. According to  Agriculture Ministry, Arakelyan presented the current situation in  the sphere, development programs, as well as the main obstacles to  their implementation.

He stressed that at present, focus is on ensuring access to finance  for medium and small farms, as well as for the import of modern  technology for peasant farms. Work is also underway to expand  greenhouse and refrigeration facilities, to purchase organic  fertilizers. In his turn, Tiem stressed that ADB is interested in  multi-vector cooperation with Armenia in the field of agriculture. He  stressed that the bank is also ready to provide loans and investments  in the agricultural sector of Armenia and to cooperate with the  private sector.

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