ArmInfo.Armenia's Minister of Economy Arman Khojoyan held a meeting with Ms Carolin Geginat, Country Manager of the World Bank (WB) for Armenia.
The sides discussed the implementation of the Second Community Agricultural Resource Management and Competitiveness (CARMAC-2) project, effective water resource management, issues of logistical infrastructure and climate change.
The main aims of CARMAC II Project are the improvement of pastures, the productivity and sustainability of livestock system in target communities. The Project aims at ensuring the growth of the volume of products produced and marketed in selected high-value agri-food value chains. The activities developed within the framework of CARMAC II Project are planned to be implemented during 2015-2019.
The total cost of the Project is 42.67mln US$, 9.67mln US$ of which comes from WB 'International Development Association'(IDA), 23mln US$ from International Bank for Reconstruction and Development (IBRD), 2.275mln US$ from RA Government and 7.725 US$ is the co-financing of the Project beneficiaries. The Project has been implemented from January 23, 2015.
