The Black Sea Trade and Development Bank (BSTDB) has extended the Black Sea Grain Initiative, aimed at boosting the agriculture sector in the region, for another three years. The initiative, which was launched in 2018 by the BSTDB and the Food and Agriculture Organization (FAO), aims to improve the quality and competitiveness of grain production in the Black Sea region through the implementation of sustainable agricultural practices.
Under the extension, the initiative will continue to provide technical assistance and training to farmers and other stakeholders in the agriculture sector, with a focus on promoting sustainable agriculture practices, improving the quality of agricultural inputs, and enhancing access to markets. The initiative will also promote cooperation and knowledge sharing among farmers, agribusinesses, and other stakeholders in the region.
The Black Sea Grain Initiative has already made significant progress in promoting sustainable agriculture practices in the region. Since its launch, the initiative has provided technical assistance and training to over 1,500 farmers and other stakeholders, and has helped to improve the quality of agricultural inputs and increase the competitiveness of the region’s grain production.
The extension of the initiative comes at a crucial time for the agriculture sector in the Black Sea region, which has been hit hard by the COVID-19 pandemic and the challenges posed by climate change. The Black Sea Grain Initiative will play an important role in helping the region’s farmers and agribusinesses to overcome these challenges and build a more sustainable and resilient agriculture sector.
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