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LOANS & CREDITS July 30, 2020

Moldova Agriculture Competitiveness Project

WASHINGTON, July 30, 2020 - The World Bank’s Board of Executive Directors today approved the following project: Moldova Agriculture Competitiveness Project - 3rd Additional Financing.


IBRD Loan: EUR13.5 million (US$15 million equivalent)

Terms: Maturity = 30 years, Grace = 5 years.

Project ID: P171284


Project Description:  The  objective of the project is to enhance the competitiveness of the country’s agro-food sector by supporting the modernization of the food safety management system, facilitating market access for farmers, and mainstreaming agro-environmental and sustainable land management practices. The project will support measures aimed at strengthening human, institutional, and technical capacities of the country’s food safety and quality management systems and ensuring regulatory and system compliance with sanitary and phytosanitary standards on premium food export markets. The project would finance a series of activities and investments aiming to establish a comprehensive and best-practice compliant system for the management of animal by-products unintended for human consumption.