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  • CARMAC Project for Armenia

    Tendersinfo News
    March 25, 2011 Friday 6:30 AM EST


    ARMENIA : CARMAC Project for Armenia


    Armenian agricultural minister Sergo Karapetian said that part of a
    new World Bank loan will make use to aid Armenian livestock breeding
    farmers to make cooperatives. The World Bank Board of Executive
    Directors has approved a US$ 16 million credit for the Community
    Agricultural Resource Management and Competitiveness (CARMAC) Project
    for Armenia. It will pick up productivity and sustainability of
    pasture-based livestock farms in 55 mountainous communities by rising
    milk production, enhancing pasture management, and boosting farm sales
    of livestock products. The CARMAC project will help to overcome major
    obstacles for these activities, as well as unsustainable pasture
    management and underutilization, persistent diseases, processing and
    marketing constraints.


    The minister said that, pastures on approximately 1.1 million hectares
    are not used now because of the short of normal infrastructure, as
    well as roads, water. The CARMAC will solve all these issues. CARMAC
    comes under the government s big attempt to conquer and reverse a main
    turn down in agriculture met previous year. That was mainly because of
    adverse weather circumstances. Last year, the sector, which comprise
    about one-fifth of Armenia s GDProduct came down by more than 14
    percent.
    The World Bank said that, the project activities are clustered in the
    poorer mountainous areas of the country, where pasture resource
    degradation is acute. Overall, 55 villages in six regions with a total
    population of around 78,000 will benefit from the project.
    Total financing of the Project is US$ 21.33 million, in that the
    government of Armenia will finance US$ 5.33 million. The IDA credit
    holds a maturity of 20 years with a grace period of 10 years.




    From: A. Papazian
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