Government approves second financing within Competitive Agriculture in Moldova project

Chisinau, 27 July /MOLDPRES/ - The cabinet, at a today’s meeting, approved a draft law on ratification of the financing agreement (second additional financing) between Moldova and the International Development Association, to carry out the Competitive Agriculture in Moldova project, signed in Chisinau on 8 July 2016, the government’s communication and media relations department has reported.   

The agreement sees earmarking of a loan worth ten million dollars. The money could be accessed by Moldovan farmers to enhance the competitiveness of the agro-food sector through consolidating the management of food safety, increasing productivity of lands and their sustainable management.  

Also, the sums will be meant for improving the management of projects and for providing compensations to increase sales. The document also sees backing the development of the bee sector and the one of collecting and processing milk.   

The groups of producers will be able to apply for more grants consecutively, with the ceiling worth 350,000 dollars.

The project is to be implemented on 1 September 2016 – 30 June 2019.

(Editor L. Alcaza)