USAID launches two projects on agriculture

TIRANA, Oct. 21 – The United States Agency for International Development has announced the launch of two new projects, worth around USD 2.5 million to support agriculture development in Albania. The Albanian Agriculture Competitiveness in Lushnje, southwest Albania, has been awarded an almost three-year $960,000 project to provide technical assistance to Albanian agricultural producers to increase the production of high-value commodities and support competitive commercial farming.
Meanwhile, Creative Business Solutions (CBS) has been awarded an almost three-year $1.49 million project to work with banks and financial institutions to develop better agriculture lending services and products, as well as assist farmers and businesses improve their financial accounting and reporting, business plans, and loan applications.
USAID has been active in supporting Albanian agriculture since it began work in Albania in 1992. Early work focused on food security and basic agricultural techniques. Recent work focuses on making Albanian farmers and agribusinesses more competitive in domestic and export markets through advanced techniques, quality control, marketing and packaging. Much progress has been made over the past twenty years, but Albania still has a 7:1 import to export ratio for agriculture. Access to finance is one of the main concerns for companies. In fact, only approximately 2 percent of private loans go to the agriculture sector. More than 50% of the workforce is active in agriculture, and agriculture provides an important employment buffer and rudimentary social safety net during times of economic contraction.