Government seeks legal solutions for farmers' debt crisis
The Moldovan government has rejected the Farmer's Force's proposal for a moratorium on debt repayment, citing a lack of legal framework to support such a measure.
Minister of Agriculture and Food Industry Vladimir Bolea emphasised the need to identify a legal framework before implementing any intervention.
"The CSE does not have such powers," Bolea stated, referring to the Council for Strategic Development and Innovation. "No one has the right to intervene between a bank and an economic agent who has taken a loan, between a legal entity, including someone who has sold wheat to another person."
Instead of a moratorium, the government is focusing on identifying practical solutions to support farmers facing debt challenges. Bolea announced a series of meetings with representatives of commercial banks, input importers, and microcredit structures to assess the situation and develop targeted assistance measures.
"We are focusing on things that can be done," Bolea asserted. "We aim to identify a legal framework that allows us to intervene and provide real and legal support for farmers in the Republic of Moldova, particularly grain producers."
The rejection of the debt moratorium proposal underscores the government's cautious approach to addressing the financial difficulties faced by Moldovan farmers. While acknowledging the need for support, the government is prioritising a legally sound and sustainable approach to alleviate the debt burden.
Translation by Iurie Tataru
