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IFAD invested $266 mln in agrarians

UCIP's Joint Program Implementation Unit of the International Fund for Agricultural Development (IFAD) celebrates the 25th anniversary of its activity in Moldova. During this time, the portfolio of IFAD programs in Moldova amounted to more than $266 million, including $146.5 million in direct investments and $24.4 million in grants from the Fund, Logos Press reports.
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IFAD invested $266 mln in agrarians

According to the Minister of Agriculture and Food Industry Ludmila Gatlabuga, the cooperation between the Moldovan Government and IFAD contributes to the adaptation of Moldovan farmers to climate transformation, a major challenge for global agriculture. Innovative solutions such as access to water sources for irrigation, drought-resistant crops and resource-saving technologies implemented with IFAD’s assistance “represent a strategic advantage for the sector”.

Iurie Ushurelu, UCIP IFAD Director, pointed out the social impact of the Fund’s programs: more than 200 thousand inhabitants of rural Moldova have been assisted and 20 thousand new jobs have been created. About 35% of beneficiaries are young people and women, reflecting IFAD’s commitment to equality and supporting new generations of rural leaders.


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