TODAY.AZ / Business

USAID ready to back agriculture development in Azerbaijan

05 December 2012 [16:14] - TODAY.AZ
The main priority for the U.S. Agency for International Development (USAID) in Azerbaijan is support of the development of small and medium business, USAID chief lawyer in Azerbaijan Leyla Mammadova told Trend on Tuesday.

"The main purpose of USAID in Azerbaijan at present is to assist banks in establishing an enabling environment for small and medium enterprises in agriculture, in other words, for the farmers," Mammadova said.

She noted that USAID intends to contribute to the development of agriculture in the country, given the existing potential in fisheries and livestock.

"Both the government subsidies and foreign capital are required for the development of these areas. It is also very important to create an appropriate business environment for small and medium businesses," Mammadova said.

USAID directed $18.4 million to Azerbaijan to support more than 15 projects, including in the areas of democracy and governance, promoting economic growth and health.


/Trend/
URL: http://www.today.az/news/business/116142.html

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