World Bank and Moldova Join Forces to Fight Impacts of Climate Change on Agriculture

Published: 11 November 2009 y., Wednesday

Žemdirbystė
A joint partnership between the World Bank, the Moldovan Ministry of Agriculture and Food Industry and the Ministry of Environment was launched in Moldova’s capital in the late days of October. The new partnership aims to consolidate Government and Bank efforts to reduce the vulnerability of Moldova’s farmers to climate change. The program will be managed by the World Bank and supported by about $350,000 in grants from the World Bank, the Bank-Netherlands Partnership, and the Trust Fund for Environmentally and Socially Sustainable Development.

On October 28, the World Bank hosted a national awareness raising and consultation workshop dedicated to the vulnerability of Moldovan agriculture to climate change. This national event was preceded by a regional launch of the World Bank World Development Report 2010: Development and Climate Change and the regional flagship report Adapting to Climate Change in Europe and Central Asia. Integrating global and regional knowledge on climate change with national and sub-regional responses is a must in tailoring effective adaptation solutions to the impacts of climate change on agriculture.

“Helping countries prepare for climate change is one of the World Bank’s global priorities, and since agriculture in Moldova is so important and so vulnerable to climate change, we are going to support the Government and farmers here to develop a more resilient agriculture,” said Melanie Marlett, World Bank Moldova Country Manager.

Moldova is already experiencing the effects of growing climate variability and change, with increasing seasonal temperatures, moisture deficits, and extreme events like drought, floods and frost. Furthermore, climate projections for the future predict a hotter, drier and more variable climate across most of the country. These changes could significantly affect the livelihoods of Moldova’s farmers, and highlight the need to begin developing and implementing actions to increase the resilience of agriculture to climate variability and change.

What’s next? In the coming months, the World Bank will provide technical support to Moldovan institutions to enhance their ability to integrate climate change adaptation into agricultural policies, programs, and investments. Support will include improving hydro-meteorological services, investing in irrigation or water use efficiency, developing new crop varieties, and enhancing farmers’ technical skills. The figures speak out for themselves. In 2007 alone, Moldova lost over US $1 billion in agriculture due to a devastating drought. With a probability of catastrophic drought now down to one in two years, there’s no time to be wasted.

“Climate change and variability are already happening in Moldova. It is clear that the country can’t afford business as usual and that now is the time to develop and implement adaptation responses to climate change”, said William Sutton, Senior Agricultural Economist, Europe and Central Asia, during the national climate change workshop on October 28. 

 

Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Georgia: Kakheti Regional Road Improvement Project

The Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads. more »

The Cultural Days of the European Central Bank 2009 come to an end

“Don Quixote – Made in Romania” brought the curtain down on the Cultural Days of the European Central Bank (ECB) 2009, with an expressive combination of tap dance, folklore, pantomime and martial arts. more »

The capital of the Latvian bank AS “Latvijas Krajbanka”, managed by Bank SNORAS, increased by LTL 45 million

The Latvian Finance and Capital Market Commission permitted Mr. Vladimir Antonov, who is also the main shareholder of AB Bank SNORAS, to acquire and manage up to 33 per cent of the shareholding of the Latvian bank AS “Latvijas Krajbanka”. more »

New Asphalt Plant

On October 30, the French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. The company invested EUR 3.5 million into the new factory which is located near the old manufacturing facility to be closed soon. more »

The shareholders of AB Bank SNORAS endorsed increasing the authorized capital up to LTL 500 million

During the extraordinary general shareholders' meeting of AB Bank SNORAS, which took place on 5th November 2009, it was decided by additional contributions to increase the authorized capital of the bank by more than LTL 88 million. more »

New Asphalt Plant

The French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. more »

Baltic Banking Among the Most Advanced in CEE

“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE). more »

AB Bank SNORAS will include LTL 72.5 million bond emission in the second level capital of the bank

The Bank of Lithuania permitted AB Bank SNORAS to include in the second level capital LTL 72.5 million (EUR 21 million) worth emission of termless debt securities distributed via non-public distribution on 31st August this year. more »

Financial, Economic and Social Crisis Committee holds opening session

The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November). more »

Borderless banking

Europeans can now use direct debit from their home account to pay bills anywhere in the EU. more »