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Infrastructure and Rural Finance Support Programme

This programme is designed to generate income growth and sustainable employment opportunities by strengthening agricultural production systems and linkages to value chains for cash crops. It has four components:

  • Rural finance
  • Water infrastructure for rural areas
  • Awareness raising and support for farmers
  • Programme management.

The programme's infrastructure component will cover the seven regions of Shirak, Lori, Tavoush, Gegharqunik, Vajots Dzor, Sjunik and Aragatsotn, while the rural finance component will be countrywide. The main target group comprises poor farmers and rural households, particularly vulnerable households headed solely by women or young people.

Status: Ongoing

Country

Armenia

Approval Date

18 September 2014

Duration

2014 - 2021

Sector

Credit and Financial Services

Total Project Cost

US$ 54.91 million

IFAD Financing

US$ 11.35 million

Co-financiers (International)

OPEC Fund for International Development US$ 25 million

Denmark US$ 2.08 million

Co-financiers (Domestic)

National Government US$ 10.07 million

Beneficiaries US$ 3.54 million

Financing Gap

US$ 2 million

Financing terms

Blend

Project ID

1100001690

Project Contact

Naoufel Mr Telahigue


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Project design reports

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Supervision and implementation support documents

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