United Nations to create Innovations and Investment Fund for farmers in Moldova

Chisinau, 6 September /MOLDPRES/ - The United Nations Food and Agriculture Organization (FAO) has come up with an idea of creating an Innovations and Investment Fund for farmers in Moldova and set up a mechanism for backing the business in the rural environment.   

Agriculture and Food Industry Minister Vladimir Bolea, the head of the mission of the International Organization for Migration (IOM) in Moldova, Lars Johan Lönnback, the FAO deputy representative in Chisinau, Tudor Robu, as well as the head of the office of the UN Resident Coordinator, Laura Fiorotto, held a discussion on the matter on 5 September.        

According to FAO, these support measures will be able to be provided, in order to adapt and attenuate the climate changes, which hit the sector more and more often. In this respect, donors propose also several mechanisms of financing, first of all, the creation of a Loan Guarantee Fund, the participatory financing, in order to develop initiatives, in the context of the climate changes. The idea is to strengthen the capacities of the business in the rural environment.   

Lars Johan Lönnback said that IOM wanted the migrants to contribute to the attenuation of the climate changes, to start businesses in rural settlements, to help develop the economy. Thus, migrants would have access to financing through this instrument. There are such practices in other countries as well. At the same time, the Innovations and Investment Fund will help young people from the rural environment work out proposals of projects, benefiting from guarantees.    

“Once FAO and IOM are prepared to contribute to the edification of an Innovations and Investment Fund, loan guarantee fund for producers from rural settlements, to provide farmers with financial support, the ministry supports this initiative. We appreciate each investment, partnership which backs the agricultural producers, as the level of economy’s development leaves to be desired and we, as an agrarian country, want to develop the farming sector, which must become more competitive and the producers should become richer,’’ Vladimir Bolea said.      

Photo: Agriculture and Food Industry Ministry