German KfW Bank to provide Armenia with a grant of 23.2mln euros for  program of biodiversity conservation and stable local development

ArmInfo.The German bank KfW will provide Armenia with a grant of 23.2 million euros for the implementation of the program of biodiversity conservation and stable  local development. Ceremony The signing of the grant agreement took  place yesterday in the presence of Acting Prime Minister Nikol  Pashinyan. The document was signed by Acting Minister of Finance of  Armenia Atom Janjughazyan, , Acting Minister of Nature Protection  Eric Grigoryan and Director of the Regional Office of KfW Bank Klaus  Weigel.

According to the press service of the government of the Republic of  Armenia, the grant funds were provided by the Federal Ministry for  Economic Cooperation and Development of Germany. The amount of  financial assistance from Germany is unprecedented in the region and  is one of the largest globally. Based on the need for efficient  conservation and sustainable use of the rich and unique biodiversity  of Armenia, the implementation of the program becomes more important  and may be crucial for solving existing problems in this area, as  well as in terms of establishing a qualitatively new level for  managing specially protected natural territories. The program does  not imply any territorial or geographical restrictions and can be  implemented in any country rich in biodiversity. It provides a  comprehensive framework for the implementation of measures for the  conservation and sustainable use of natural resources and protected  areas, management of natural resources and natural monuments, forest  restoration, as well as socio- economic development and the promotion  of ecological tourism.