Government of Japan to provide Moldova with loan for modernization of agricultural technologies, equipment

Chisinau, 25 March /MOLDPRES/ - The Moldovan government will initiate negotiations for the signing of an agreement with the government of Japan on the providing of a loan within the project titled, Modernization of agricultural technology and equipment. The cabinet approved a decision to this effect today.  

The agreement, compiled by exchange of notes, is aimed at confirming the Japanese government’s openness to provide a preferential loan worth 18.7 million dollars to Moldova, through the Japanese International Cooperation Agency (JICA). These means will be used for the implementation of the programme on the modernization of agricultural machines and equipment (MAME project) in Moldova.  

Presently, about 40 cooperation documents are signed between Moldova and Japan, most on the providing of financial and technical assistance to Moldova. At the same time, Japan is one of the principal sources of investments in the automotive industry from Moldova. Factories of wiring, two big Japanese companies, Sumitomo and Fujikura, were opened in Moldova, which became residents of free economic zones. In the last years, Sumitomo has invested 30 million euros in the opening of a factory with 2,500 jobs and Fujikura invested 20 million euros and opened about 2,000 jobs.    

Also, decision-makers presently consider possibilities of enforcing a new programme on backing farmers, Post-2KR, of continuously extending investments of Japanese companies in Moldova, carrying out of new projects in the social sectors.