About $25 million will be invested this year in the livestock sector in Moldova, to increase the resilience of milk production farms, to improve the conditions of animal maintenance, as well as to equip the farms with specialized equipment and software.
This will be a part of the total amount of $55 million, offered by the World Bank as financial support for the development of the agricultural sector, via the Agriculture Governance, Growth and Resilience Investment Project.
According to the Minister of Agriculture and Food Industry Vladimir Bolea, the mechanism for distributing financial sources will be adapted according to the requirements and needs of farmers and consultation with economic agents ensures correct decisions and targeted investments.
The specialists of the Ministry of Agriculture and Food Industry, jointly with the representatives of the Consolidated Agricultural Projects Management Unit carried out an extensive program of visits to livestock holdings in the country to assess the degree of technological endowment and the economic indicators of farms, needs and development plans.
The financing agreement with the World Bank for the launch of Agriculture Governance, Growth and Resilience Investment Project is to be ratified until late May, and its implementation will begin in the second half of 2023. (Moldpres/Business World Magazine)