Our Donors,  Financiers and partners

The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference. It resolved that "an International Fund for Agricultural Development should be established immediately to finance agricultural development projects primarily for food production in the developing countries.

The OPEC Fund for International Development (OFID) is the development finance institution established by the Member States of OPEC in 1976 as a collective channel of aid to the developing countries. OFID works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world. It does this by providing financing to build essential infrastructure, strengthen social services delivery and promote productivity, competitiveness and trade. OFID’s work is people-centered, focusing on projects that meet basic needs - such as food, energy, clean water and sanitation, healthcare and education – with the aim of encouraging self-reliance and inspiring hope for the future. 


The  Government of the Republic of Armenia is cofinancing all the projects as well as compensating all taxes and duties in the framework of programme activities.

Rural Finance Facility (RFF) was established by a Governmental decree as an autonomous unit for implementation of the Rural Finance component of IFAD and WB funded programmes. The main objective was ‘to stimulate sustained growth of rural economic activity in the programme area through improved access to appropriate financial services for small and medium-scale rural producers and enterprises’. 

The Fund for Rural Economic Development in Armenia (FREDA) was established on January 8, 2009 in the framework of the “Rural finance” component of the “Farmer Market Access Program in Armenia”, which is a joint activity between the Government of Armenia and the International Fund for Agricultural Development (IFAD). The Fund carries its operations since September 1, 2009.FREDA’s overall objective is as to alleviate poverty through the economic development of rural areas in Armenia.

Fruit Armenia OJSCo was founded by the decree of the Government of Armenia for implementation of the "Support to fruits and
nuts sector" component of the "Rural assets creation programme" initiated by IFAD. The main objective is to make a coordinated, focused effort to increase poor smallholders’ assets and incomes in the Programme area by linking them more profitably to the Armenian fruits and nuts value chains, in which Armenia has a significant comparative advantage.

Video Blog
Workshop10:5422.01.2016Ms Khalida Bouzar, Director of the Near East, North Africa, Europe and Central Asia division in...
20 Year Collaboration between the IFAD and the Republic of Armenia Continues09:4704.11.2015Recently the National Assembly of Armenia ratified the loan agreement for the new Infrastructure...
CONVERSE BANK TO PROVIDE SUBSIDIZED LOANS FOR ESTABLISHMENT OF ORCHARDS, ANTI-HAIL NETS AND DRIP IRRIGATION SYSTEMS11:0009.02.2018RA Deputy Minister of Agriculture Ashot Harutyunyan, Converse Bank's Corporate Business Director...
SUBSIDY PROGRAMS FOR INTENSIVE ORCHARDS, ANTI-HAIL NETS AND DRIP IRRIGATION SYSTEMS LAUNCHED15:3929.01.2018Deputy Minister of Agriculture Ashot Harutyunyan, Deputy Chief Executive Officer of ACBA-Credit...
STATE SUPPORT PROGRAM FOR AGRICULTURAL MACHINERY LEASING IN ARMENIA APPROVED16:4225.04.2017The government has approved the State Support Program for Agricultural Machinery Leasing in the...
AGRICULTURAL LENDING PROGRAM TO BE CONTINUED16:1831.03.2017Spring sowing has already begun in the villages, and the Ministry of Agriculture calculates the...

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