The Philippines' agriculture industry employs a quarter of the country's labour force but the sector lags behind counterparts in other Southeast Asian countries in productivity growth and competitiveness. - AFP
MANILA (Xinhua): The Asian Development Bank (ADB) on Wednesday said it has approved a 400 million U.S. dollar policy-based loan to support reforms by the Philippine government aimed at raising the productivity and competitiveness of the country's agriculture sector and significantly reducing poverty in rural areas.
The Manila-based multilateral lender said the Competitive and Inclusive Agriculture Development Programme, Subprogram 1, will help the government expand economic opportunities in the farm sector by implementing trade policy and regulatory reforms, enhancing public services and finance to the sector, and expanding social protection to rural families.
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