IBRD to provide Moldova with a $55 million loan: In what area will investments be made
The International Bank for Reconstruction and Development (IBRD) will provide the Republic of Moldova with a $55 million loan for investment in the agricultural sector. Members of the Committee on Foreign Policy and European Integration gave a positive opinion on the opening of negotiations for an agreement providing for this.
This will provide agricultural and processing companies with investment support to improve their production processes and increase their access to the external market. The irrigation infrastructure will also be rehabilitated and the centralised irrigation systems in Tudora, Tețcani and Etulia will be renovated.
The agreement also involves strengthening the capacity of public institutions involved in European integration and pre-accession to the European Union, as well as the capacity of institutions providing essential services to farmers.
After negotiations, the Loan Agreement will be proposed for ratification in the plenary of the Parliament.
