$1-Billion World Bank Loan, Biggest Ever for Philippines, to Transform Agriculture
- 6 days ago
- 1 min read
The Philippines has secured its largest-ever loan from the World Bank, with the Washington-based multilateral lender approving $1 billion on Friday, March 27.
This funding will support the Philippines Sustainable Agricultural Transformation Project (PSAT), which will be implemented by the Department of Agriculture (DA) and is expected to benefit at least five million farmers nationwide. PSAT aims to boost agricultural productivity, promote diversification, and enhance the climate resilience of agrifood systems across the country, the World Bank said in a statement.
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