The Republic of Moldova will receive a loan of 8.6 billion Japanese yen, equivalent to approximately 984.6 million lei, to modernise its agricultural sector. The funds will be used to help farmers gain access to tractors, machinery and other modern equipment, with a particular focus on small and medium-sized enterprises.
The financing agreement was signed on Monday, November 9, by Foreign Minister Mihai Popșoi and Japan’s Ambassador to the Republic of Moldova, Takeuchi Kazuyuki.
The loan will be provided by the Japanese government through the Japan International Cooperation Agency (JICA), as part of the second phase of the project entitled “Modernisation of Agricultural Machinery and Equipment” (MAME).
According to the authorities, equipping farmers with modern machinery will help them work more efficiently, reduce costs and achieve better harvests. The project also aims to increase the competitiveness of Moldovan agriculture and help the sector adapt to current challenges.
“Through this agreement, we are taking another step towards modernising agriculture by giving farmers access to advanced technologies and equipment,” Mihai Popșoi said.
The official thanked Japan for its support for the Republic of Moldova and emphasised the importance of strengthening bilateral relations.
The project will be implemented by the Agency for the Development and Modernisation of Agriculture (ADMA), in cooperation with JICA.