Armenia Compact - Water to Market Credit

MCC’s $177.7 million Armenia Compact (2006–2011) funded the $153.7 million Irrigated Agriculture Project, which included the $32.2 million Water-to-Market Activity to increase the agriculture sector’s productivity by complementing the irrigation infrastructure investment. The activity was designed on the theory that training in agricultural practices, increased access to credit for investment, improved capacity of the water user associations to manage water resources, and technical assistance to improve marketing opportunities would prepare and encourage farmers to shift production to higher-value agriculture, thereby increasing profits and income.