Philippines, World Bank sign US$370mil loan agreement to support farmers


MANILA, July 20 (Xinhua): The Philippines and the World Bank have signed a US$370mil loan agreement for a project to support Filipino farmers, the country's Department of Finance (DOF) said on Monday.

The project aims to speed up the process of splitting about 1.4 million hectares of land covered by the Comprehensive Agrarian Reform Program (CARP) and then providing individual titles to these parcelised lots to some 750,000 farmer-beneficiaries.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

From scammed to soaring: Pretend stewardess becomes real flight attendant
Nepal’s democratic transformation: Comment
Mongolia’s disaster-management plan revised and approved
South Korea vows legal action over drone incursion into North
White Tiger Party wins eight seats in five Shan State townships in Myanmar polls
Bhutan, Canada partner to strengthen AI policy and governance
MCMC and X to meet over Grok concerns next week, says Fahmi
New employment policy for expats to be implemented in June, says Home Ministry
Bangladeshi youth critically injured in landmine blast near Myanmar border, locals say
Vietnam expects to sign deal to export 2.5 million tonnes of rice to Philippines

Others Also Read