April 20, 2008

US Farm Credit Administration Head Visits Armenia

From April 12 to 19, 2008 Farm Credit Armenia UCO CC hosted a group of visitors from the United States, among them were Nancy Pellett, the Chairman and CEO of US Farm Credit Administration, Dave Lawrence, the Chief Executive Officer of Farm Credit of the Virginias and the Board Chairman John Wells of Farm Credit of the Virginias. The objectives of the visit was to assess the development and future needs of Farm Credit Armenia, make suggestions on changes which might improve FCA, encourage international groups, including US groups, to support the development of a sustainable FCA in rural Armenia, develop closer working relationship with the US FCA, FCS, USDA, US Embassy, and USDA FAS.

The visitors and their spouses had the opportunity to experience Armenia and especially the rural areas of Armenia first hand. They were exposed to FCArmenia its progress to date and plans for their future, met with the U.S. Embassy staff, Micro-Lenders, Universal Credit Organizations (UCO), Government Officials, CARD, Central Bank of Armenia, Financial Banking School, SME´s, Farmers, USDA, and many rural Armenian´s in their towns, on their farms, in their fields, vineyards, and orchards, participated in FCArmenia Grand Opening Reception. FCA will host a group of about 8 to 12 U.S. FCS visitors each May and September for the next several years. The more visitors from the U.S. Farm Credit System who visit Armenia and FCArmenia the more their Adopted Armenian Sister will benefit.

Nancy Pallett delivering a lecture at Finance Banking Collage

Nancy Pellett, the Chairman and CEO of US Farm Credit Administration greeting the Deputy Chairman and the Board Member of Central Bank Mr. Javadyan, RoA