Wednesday, September 9 2020 17:49

Romanos Petrosyan held the first working meeting-discussion with  representatives of KfW bank

Romanos Petrosyan held the first working meeting-discussion with  representatives of KfW bank

ArmInfo.On September 9, RA Minister of the Environment Romanos Petrosyan held the first working meeting-discussion with representatives of KfW Bank online. 

The meeting was attended by representatives of the Ministry and KfW  Bank.  According to the press service of the Ministry, during the  meeting the parties touched upon the progress of joint programs in a  bilateral format and issues of their expansion. There were discussed  14 grant programs of socio-economic and environmental sector with a  total budget of 350 thousand euros within the framework of the   Support Programme for Protected Areas - Armenia (SPPA-Armenia)worth  8.25 million euros. They also touched upon the Biodiversity and  Sustainable Local Development in Armenia program, coast in 23.2  million euros, which aims to sustainably manage biodiversity-rich  areas and reduce anthropogenic impact on these areas, strengthen the  capacity of stakeholders at the local and national level, and create  opportunities for sustainable financial assistance in these  territories.

Within the framework of a grant provided to Armenia by the Caucasus  Nature Fund in 2020, salary increments and other operating expenses  of employees engaged in the protection of specially protected natural  areas are financed. The parties discussed the components of regional  cooperation.

The last item on the agenda was the loan agreement, within the  framework of which the Ministry of the Environment initiated a series  of legislative and institutional reforms related, inter alia, to  sustainable management of forests, biodiversity and specially  protected natural areas.

It is noted that the expansion and strengthening of international  cooperation is one of the priority directions of the RA Ministry of  Environment.