Japan Provides Republic of Moldova with Nearly One Billion Lei Credit for Agricultural Modernization

The government of Japan is providing the Republic of Moldova with a substantial loan amounting to nearly one billion lei to support the comprehensive modernization of the country's agricultural sector. The funding will be primarily channeled towards the acquisition of advanced agricultural machinery and equipment, specifically designed to empower small and medium-sized farming enterprises.

The formal credit agreement for up to 8.678 billion Japanese yen was signed on November 9 in Chișinău. The documents were endorsed by Mihai Popșoi, Deputy Prime Minister and Minister of Foreign Affairs of Moldova, and Kazuyuki Takeuchi, Ambassador of Japan to the Republic of Moldova.

Expressing gratitude during the signing ceremony, Deputy Prime Minister Mihai Popșoi stated that Japan remains a reliable partner to Moldova. He emphasized that the long-standing support translates into tangible projects that directly impact the nation's development, granting local farmers access to cutting-edge technologies and high-end equipment.

This crucial financial arrangement represents a core component of the second phase of the "Modernization of Agricultural Machinery and Equipment" (MAME) project. The initiative will be implemented by the Agency for Agricultural Development and Modernization (ADMA) in close cooperation with the Japan International Cooperation Agency (JICA).

According to the Ministry of Foreign Affairs, the project is designed to facilitate agricultural producers' access to modern machinery, significantly boost overall productivity across the sector, and reduce operational costs for local farmers.