USAID unveils $2.65m in additional funding for Armenia agri sectorFebruary 24, 2021 - 15:36 AMT PanARMENIAN.Net - USAID on Wednesday, February 25 announced $2.65 million in additional funding to expand the scope of two projects that work to strengthen Armenia’s agricultural sector to include more targeted support for female entrepreneurs and the formation of cooperatives. The agency's Rural Economic Development - New Economic Opportunities (RED-NEO) project, which launched in February 2019, received $1.15 million in additional funding, bringing the project’s total to $5.15 million. The project will use these additional funds to build women’s capacity and enhance entry points for rural entrepreneurship; as well as deepen stakeholders’ capacity and commitment to address barriers to women’s economic leadership. These efforts will complement RED-NEO’s ongoing activities to strengthen Armenia’s horticulture and viticulture value chains. Participants trained by the program are able to apply for small grants to upgrade their production capacities. To date, the project has issued 29 in-kind grants, and over 100 grants in total will be provided over the life of the project. RED-NEO's support contributed over 11 percent on average to grant recipients' 2020 revenues. USAID is also providing an additional $1.5 million to the Innovative Agriculture Training & Learning Camp (AGRI CAMP) project to strengthen formal agricultural cooperatives and business development; and increase women’s access to agricultural innovation. The project’s total funding is now $1.9 million. AGRI CAMP, which launched in May 2020, is renovating facilities at the Armenian National Agrarian University in Kotayk marz where entrepreneurs from rural Armenia will learn new skills to expand their businesses and increase the sophistication of their production. With the additional funding, AGRI CAMP will strengthen the skills and networks of female agripreneurs by bringing together technical specialists, entrepreneurs, and engineers to craft innovative solutions to agriculture (for example, using advanced irrigation technologies to maximize produce with minimal use of water and fertilizers). AGRI CAMP expects that by April 30, 2023, at least 1,000 female farmers will be better able to use new farming practices and technologies, ultimately leading to higher business revenues and household incomes. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |