ArmInfo.The German Federal Ministry for Economic Cooperation and Development (BMZ) and the German Development Bank (KfW) will additionally provide ? 6.8 million to the Caucasus Nature Fund (CNF):
According to the information of the Ministry of Nature Protection of Armenia, the activities of the Caucasus Nature Fund are aimed at ensuring the conservation of the nature of the Caucasus also by promoting targeted programs in Armenia. During 2018, the Fund invested about 950 thousand euros in the implementation of modern solutions and technologies in the management and development of protected areas, the promotion of ecotourism and the process of monitoring biodiversity. It should be noted that the purpose of the Caucasus Nature Fund is financial assistance for the conservation and development of protected areas in Armenia, Georgia and Azerbaijan. Recall that the proposal to sign an agreement between the Government of the Republic of Armenia and the German Development Bank KFW on providing Armenia 23 million 208 thousand euros for the grant program of biodiversity conservation and sustainable local development was approved at the Cabinet meeting on November 22. As stated by the. Representing the grant agreement, Armenian Minister of Nature Protection Eric Grigoryan, the funds will be directed not only to biodiversity conservation, but also to improve the socio-economic situation of the regions and the development of tourism.