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JICA to support rural SMEs with $4.6 mln fund

JICA to support rural SMEs with $4.6 mln fund

The agriculture sector received another financial boost this month, with a $4.6 million fund from the Japan International Cooperation Agency. The agency will include 40,000 Albanian SME entrepreneurs in a four year project which will provide support regarding financial procedures, product marketing strategies, information about the market and the best international practices applied in the agriculture sector.  

According to Hideya Kobayashi, representative of JICA for the Balkans, this project will help family businesses and SMEs in rural areas of Albania to improve their financial services and create financial products that meet the market’s demand.

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The start of the project was inaugurated by the Albanian vice Minister of Economy and Finances, Japan’s ambassador to Tirana, the Albanian ambassador to Japan, and representatives from the JICA’s office for the Balkans, EBRD and the Bank of Albania. JICA has contributed in Albania with funds for the private sector development, has supported environmental protection initiatives and the promotion of tourism.  

News source/ photo: ATA

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