Japan to Provide Moldova with €49 Million Loan for Agriculture

Moldova and Japan have signed an agreement on the modernisation of the agricultural sector

The Japanese Government will provide Moldova with a loan of up to 8.678 billion Japanese yen, intended for the modernisation of the agricultural sector.

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Deputy Prime Minister and Minister for Foreign Affairs Mihai Popșoi and the Japanese Ambassador to Moldova, Kazuyuki Takeuchi, signed an agreement on the exchange of notes between the Government of the Republic of Moldova and the Government of Japan concerning the provision of a loan for the implementation of the ‘Modernisation of Agricultural Machinery and Equipment’ (MAME, Phase II) project.

Under the agreement, the Government of Japan will provide the Republic of Moldova, on the basis of an agreement with the Japan International Cooperation Agency (JICA), with a loan of up to 8.678 billion Japanese yen (approximately 49 million euros), intended for the modernisation of the agricultural sector.

The project will facilitate access for agricultural producers, particularly small and medium-sized enterprises, to modern machinery and equipment, thereby helping to increase productivity, reduce production costs and enhance the competitiveness of the agricultural sector. At the same time, the initiative will contribute to the development of sustainable agriculture adapted to contemporary challenges.

“Japan is a reliable partner of the Republic of Moldova, and the support it has provided over many years is reflected in specific projects that have a direct impact on our country’s development. Thanks to this agreement, we are taking a new step towards the modernisation of agriculture, providing farmers with access to highly efficient technologies and equipment. We greatly appreciate Japan’s ongoing contribution and wish to further strengthen this partnership for the benefit of our citizens,” said Deputy Prime Minister Mihai Popșoi.

The MAME Project, Phase II, continues Moldovan-Japanese cooperation in the field of agricultural modernisation and will be implemented through the Agency for the Development and Modernisation of Agriculture (ADMA) in cooperation with the Japan International Cooperation Agency (JICA).

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.

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