Thursday, February 29 2024 14:36
Naira Badalian

ADB to provide  $3 million grant to Armenia to increase agricultural  flexibility and improve food security in rural areas

ADB to provide  $3 million grant to Armenia to increase agricultural  flexibility and improve food security in rural areas

ArmInfo.At its meeting on February 29, the Government of Armenia approved the proposal to sign  a grant agreement between the Republic of Armenia and the Asian Development Bank "Program for increasing food security adapted to climate change".

According to the document's explanation, the $3 million grant offered  by the Japan Fund for Prosperous and Resilient Asia-Pacific (JFPR)  will support the Armenian government in increasing agricultural  resilience and improving food security in rural areas highly  vulnerable to climate impacts.  The Climate-Adaptive Food Security  Enhancement Project (CAFSEP) will focus on two regions of RA, Shirak  and Tavush, where smallholder farmers face high levels of poverty,  food insecurity and climate risks.

The grant will be provided to ten villages for climate resilient  energy solutions to reduce energy costs and savings that will be  reinvested in community support for sustainable agriculture; to  improve living standards in rural communities through  climate-resilient agriculture and local income generation projects;  to strengthen the institutional capacity of the RA Ministry of  Economy to support climate change adaptation planning and develop  environmentally friendly investment programs in the agricultural  sector.

A potential beneficiary of the program have to meet at least one of a  number of criteria, 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.