YEREVAN, June 23, /ARKA/ The World Bank Board of Executive Directors approved June 22 a US$32.67 million financing for the Second Community Agricultural Resource Management and Competitiveness (CARMAC) Project for Armenia.

This Project is designed to improve productivity and sustainability of pasture and livestock systems in up to 100 communities in eight regions of Armenia with significant pasture areas and increase the marketed production from selected livestock and high value agri-food value chains.

For the women and men living in Armenia’s rural communities, agriculture remains the main source of employment and livelihoods. Thus, developing farmers’ productivity, including through cooperatives and associations, and strengthening the links between agricultural producers and the food processing industry are critical.

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Tags: Armenia, CARMAC, World Bank

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