Program for the rebirth of agribusiness in Albania

Program for the rebirth of agribusiness in Albania

Tirana, 26 July 2016/Independent Balkan News Agency

The Albanian government and European Bank for Reconstruction and Development (EBRD) signed today (26.07) in Tirana the financial support agreement for Albanian agribusiness.

The agreement aims at assisting all those enterprises that operate in the domain of agribusiness, the most vital sector for the country. This agreement makes it easier for banks to offer loans for those who work in the countryside.

The agreement was signed by the president of EBRD, Sir Suma Chakrabarti and the Albanian PM, Edi Rama.

The project is considered innovative and the Albanian government is hoping for it to have a real impact on the economy of the country.

According to PM Rama, a new phase of development will come for the rural areas, as the agricultural sector will be offered more support through this project which offers more opportunities to those who want to invest in rural areas.

“This program will be an added value in the path to move from the agriculture of poverty to that of sustainable development”, Rama said.

This is a program that brings together the Albanian government, EBRD and several other second level commercial banks. Thanks to their involvement in this program between the government and EBRD, these banks will offer more loans to those people who want to invest in rural areas, in further increasing exports and the sustainability of the economy of rural areas.

Analysts say that the number of companies which are looking to invest in agriculture, is growing. Many of them have made their wealth in other ways, such as construction, commerce, etc. But now, they are diversifying their portfolio with agriculture by investing in production and export of agricultural produce. /