Food Safety News reports that the World Bank is to help Moldova modernize the country’s food safety system.
The group’s board of executive directors approved a loan of $15 million to the Republic of Moldova for the third additional financing of the Moldova Agriculture Competitiveness Project (MACP). The World Bank Group is one of the world’s largest sources of funding for developing countries.
The funding will help establish a European standards compliant system to manage animal by-products unintended for food production. Such food safety and quality control systems are essential for growth of the sector, exports, public health, and environmental protection.
Moldova’s predominantly agriculture-based economy relies heavily on agricultural production and agri-processing in Europe and the Central Asia region.