Today in Baku opened a two-day seminar of the International Fund for Agricultural Development of the United Nations (IFAD), devoted to designing a strategy for further development of the agricultural sector in Azerbaijan.
The seminar was attended by international experts and donors, civil society and government institutions interested in the development of the agricultural sector, the opening of new jobs and building strong rural communities.
Agriculture Minister Heydar Asadov noted that partnerships with IFAD since 1997 have a positive impact on the transformation of agriculture, improved business opportunities through the rehabilitation of the land reclamation and drainage networks, as well as the output of farmers to subsidized credit.
Currently, the Government of Azerbaijan has developed Agribusiness Development Strategy for the years 2014-2020, the priorities of which is to improve conditions in rural areas through the use of innovative solutions.
Regional Director of IFAD Bouzar Khalid said that the next stage of cooperation with Azerbaijan Fund is linked to the livestock sector.
To date, IFAD has carried out with the Government of Azerbaijan has several programs of a regional nature, the benefits of which benefited about 350,000 people. For these projects the Fund has disbursed loans totaling $ 67.4 million. --08C--
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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