Parliament ratified the accord compiled by the exchange of notes concerning the amendment of the grant agreement between the Government of Moldova and the Government of Japan for implementing the project “Conservation Agriculture – Development of a Sustainable Land Management System in the Republic of Moldova”. The accord envisions the allocation of US$ 4.8 million in non-reimbursable assistance for developing conservation agriculture in Moldova, in particular for purchasing  agricultural machinery, IPN reports.

The document defines the mechanism for distributing the goods supplied by the Japanese side in the process of implementing the grant agreement. The goal of the changes is to open an account at a bank agreed by the sides so as to deposit there the incomes from the sale of products in the national currency of the Republic of Moldova. The deposited money could be used to promote the economic and social development of Moldova.

The grant agreement between the Government of Moldova and the Government of Japan for implementing the project “Conservation Agriculture – Development of a Sustainable Land Management System in the Republic of Moldova” was signed in Chisinau on March 7, 2017.

The grant is provided by the Japanese sides within the Social and Economic Development Program that is an instrument of the Official Development Assistance of Japan.