EBRD, Albania and private banks to fund neglected farming sector

July 26, 2016 3:30 PM

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TIRANA, July 26 Albania and the European Bank for Reconstruction and Development have set up a 136 million euro ($149.56 million)fund which together with private sector banks aims to lend up to 300 million euros to the country's under-served agriculture sector.

The division of farm land after communism fell 25 years ago into 400,000 small farmsteads alongside cheap imports, migration from rural areas to the cities and abroad, and a lack of adequate investment have prevented Albanian agriculture from generating its full potential.

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