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Moldova received $264 million from IFAD under 8 financing agreements to support farmers and develop rural infrastructure

Moldova received $264 million from IFAD under 8 financing agreements to support farmers and develop rural infrastructure

This was discussed during a meeting that the Minister of Agriculture and Food Industry Ludmila Catlabuga held with the Country Director of the International Fund for Agricultural Development (IFAD) in Moldova Samir Bejaoui and the Director of the Consolidated Unit for the Implementation of IFAD Programs (UCIP IFAD) Iurie Usurelu. According to the Ministry of Agriculture, during the discussions, the progress of projects implemented with the support of IFAD, as well as areas of cooperation for the near future, were discussed. The head of the Ministry of Agriculture Ludmila Catlabuga emphasized that IFAD projects have benefited farmers by providing access to financial resources, entrepreneurial education, and supporting increased resilience to climate change. "To date, the projects implemented with the support of IFAD have brought tangible results. “It is important to strengthen this cooperation and develop new initiatives that meet the interests and needs of our farmers,” said the Minister of Agriculture and Food Industry. As noted, the Government of Moldova received IFAD assistance under 8 financing agreements for a total of about $264 million, which contributed to reducing rural poverty, supporting farmers and developing rural infrastructure. Among the key achievements of IFAD in Moldova are: financing more than 6,000 investment projects for a total of $200 million, which resulted in the creation of more than 20,000 jobs; modernization of rural infrastructure by rehabilitating roads, reservoirs and irrigation systems; launching digital platforms and solutions for farmers’ access to markets and finance; creation of 11 field schools and 15 demonstration sites designed to train farmers and test sustainable methods. Currently, IFAD also supports the “Improving Capacity for Rural Transformation (IFAD VIII)” project, focused on youth, women and smallholder farmers, with a total budget of $48.44 million.// 06.02.2025 — InfoMarket

News on the subject

The 46th World Congress of Vine and Wine (OIV) will be held in Moldova from June 16 to 20
The 46th World Congress of Vine and Wine (OIV) will be held in Moldova from June 16 to 20
In Moldova, 6 economic entities will receive grants for a total of $5 million within the framework of the WB-financed AGGRI project for the livestock and milk production sector
In Moldova, 6 economic entities will receive grants for a total of $5 million within the framework of the WB-financed AGGRI project for the livestock and milk production sector
In Moldova, milk production has increased by 1.7 times over the past year - from 29 thousand tons in 2023 to 49.7 thousand tons in 2024.
In Moldova, milk production has increased by 1.7 times over the past year - from 29 thousand tons in 2023 to 49.7 thousand tons in 2024.
IFAD provides Moldovan farmers with loans for seeds and other working capital (fuel, fertilizers) at 7.7% per annum
IFAD provides Moldovan farmers with loans for seeds and other working capital (fuel, fertilizers) at 7.7% per annum
Until the end of February, farmers can apply for advance subsidies for investment projects in land reclamation, soil improvement and protection
Until the end of February, farmers can apply for advance subsidies for investment projects in land reclamation, soil improvement and protection
In January 2025, 427.2 million lei in subsidies were transferred to the accounts of Moldovan farmers, which is about 70% more than in the same period of 2024.
In January 2025, 427.2 million lei in subsidies were transferred to the accounts of Moldovan farmers, which is about 70% more than in the same period of 2024.