The Republic of Moldova will get US$25m from WB for developing animal-breeding sector
The Government of the Republic of Moldova will borrow US$25 million from the World Bank for developing and modernizing the animal-breeding sector. Minister of Agriculture and Food Industry Vladimir Bolea said the money will be provided in the form of subsidies to farmers who will decide to build cattle farms or to extend existing farms. According to the Deputy Prime Minister, farmers will receive state support depending on the quantity of milk produced by each cow, IPN reports.
The official noted that the regulations for subsidizing the animal-breeding sector are now being worked out. Most probably, the money provided by the World Bank will become available in August.
The minister noted that the new subsidization regulations stipulate that support will be provided per kilogram of supplied milk based on invoices. The state will also support the building of farms, the purchase of modern equipment and the increasing of the number of cows.
The financing agreement with the World Bank for launching the Agriculture Governance, Growth and Resilience Investment Project (AGGRI) has a value of US$55 million. The money will go to rehabilitate the animal-breeding sector, to strengthen the veterinary medicine services and to increase access to irrigation services.
