Switzerland supports sustainable development in Armenia

06 April 2022 09:58

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Bern/Yerevan - The Swiss Agency for Development and Cooperation has approved 4.5 million Swiss francs for a project in Armenia. The project will combine nature conservation and economic growth in an innovative manner. It is being implemented by the WWF.

The Swiss Agency for Development and Cooperation (SDC) approved an amount of 4.5 million francs for the Living Landscapes for Market Development in Armenia project. According to a press release, this is focused on rural businesses in remote areas of Armenia. The aim is to strengthen nature conservation and economic growth to the benefit of those most in need.

According to the SDC, the Caucasus ecoregion is one of the richest areas worldwide in terms of biological diversity.  At the same time, it is an important productive source for rural communities. The long-term protection of the country’s natural resources and biodiversity is especially important in light of unfolding climate change effects. The project now being financed by Switzerland aims at improving incomes of farmers and rural businesses in remote areas, thanks to a better economic and more sustainable use of local natural resources. The heart and the core of the project is the development of an environmentally friendly tourism.

The project will last for eight years and is a part of a larger regional program Eco-Corridor Fund for the Caucasus (ECF), funded by the German Federal Ministry of Economic Cooperation and Development (BMZ) and the KfW Development Bank. The Armenian component is implemented by the World Wide Fund for Nature (WWF) and the Strategic Development Agency.

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