Armenia
Financing Yeremyan Group Projects in Agriculture and Food Industry
US $47,2mn
Project amount
US $36mn
EDB share
Project overview
The project envisages the provision of funds for the implementation of investment activities aimed at the construction of a livestock complex, the organisation of crop cultivation and the development of agricultural production.
Project goals and objectives
Contribution to the objectives of the EDB Country Strategy for the Kyrgyz Republic for 2022–2026.
Task 3
Task 3.1
Development impact
$30mn
annual increase in output to the economy of Armenia
1.4%
increase in Armenia’s self-sufficiency in milk
7%
contribution to milk import substitution
300jobs
created during project implementation
Sustainable development goals:
Cross-country cooperation
Cross-country
cooperation
Strengthening trade and economic cooperation
Development of a unified financial market among the Bank's member states