The Government approved the bill to ratify the financing agreement between Moldova and the European Commission concerning the implementation of the ENPARD Program – EU Support to Moldova for Agriculture and Rural Development that was signed in Chisinau on March 26, IPN reports.
The value of the financing agreement is €64 million, €53 million of which represents the sector budget support component (agriculture and rural development), while €11 million is for implementing the additional component. The contribution of the producers that received grants is €750,000.
The agreement is valid for 84 months. The tranches will be disbursed depending on the way the accord conditions are met and on the results achieved. The first tranche of €17 million, as it was earlier announced, will be disbursed next year.
Launched by the European Commission in March 2011, the ENPARD is a policy initiative that is part of the EU’s commitment to inclusive growth and stability in its Neighborhood. Through this program, Moldova hopes to modernize the agricultural sector, to ensure sustainable management of the natural reserves, to enhance the competitiveness of its agrifood products, to improve the living conditions in rural areas and to create more workplaces in the country.
Note: The bill to ratify the given agreement was approved by the executive on June 17. As the Constitutional Court ruled that the resignation of Prime Minister Chiril Gaburici and the whole Cabinet took effect on June 12, when the announcement was made public, the bills approved after this date are to be endorsed again by the new executive.
