Moldova will receive a grant of 300 million yen (1.9 million euros) from Japan to provide farmers with fertilizers.
This is provided for by a corresponding grant agreement, which was ratified by the Moldovan parliament on February 1. The mentioned gratuitous financing will be used to implement the project “Providing farmers with fertilizers” in Moldova. The grant agreement signed by the parties is aimed at facilitating access for small and medium-sized farmers to cheap financial sources for the purchase of fertilizers, seeds, pesticides and other fertilizers. It is planned that farmers will have access to inexpensive fertilizers, exempt from VAT on imports, with the option of paying in installments and without a deposit. The agency responsible for implementing the project will be the Agricultural Development and Modernization Agency (ADMA). As previously reported, Japanese financial assistance is provided to support small and medium-sized farmers in Moldova, who are affected by rising prices for seeds, fertilizers, pesticides, as well as low prices for finished products. Accordingly, the €1.9 million grant will reduce the burden on small and medium-sized farmers affected by the consequences of the war in Ukraine by offering them cheaper financial solutions for purchasing fertilizers. The grant will be provided until March 31. // 01.02.2024 — InfoMarket
