PHL gov’t eyes WB loan for agriculture project ’scale-up’ - BusinessWorld Online

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PHL gov’t eyes WB loan for agriculture project ’scale-up’ - BusinessWorld Online
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THE PHILIPPINE government is looking to obtain a $550-million loan from the World Bank (WB) to boost its rural development program.

Fish cages in Laguna De Bay, March 30, 2022. — PHILIPPINE STAR/MICHAEL VARCASing to obtain a $550-million loan from the World Bank to boost its rural development program.

“The PRDP Scale-up aims to improve farmers’ and fisherfolk’s access to markets and profitability in selected value chains,” the multilateral lender said.cant refocusing” of the approach adopted by the ongoing PRDP.shery productivity in targeted areas. It has a total project cost of $1.

Under the proposal, a geographic information system tool will be used to formulate strategies that would improve the climate resilience of production and investments.Sub-projects under the program will prioritize sustainable, climate-smart agricultural strategies and technologies supported by cost effective public infrastructure.

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