Satisfactory rollout of WB-funded projects

The implementation of two loans obtained by the Philippines from the World Bank is progressing satisfactorily, according to the Washington-based multilateral lender.

- By BEN ARNOLD DE VERA

In an Oct. 24 implementation status and results report, the World Bank said the Mindanao Inclusive Agriculture Development Project is “on track” to achieve its objective, which is to increase the agricultural productivity, resiliency, and access to markets and services of organized farmer and fisherfolk groups in selected ancestral domains and value chains in the southern Philippine island.

“Key activities are well underway in the 24 ancestral domains in six regions of Mindanao, including an ancestral domain in Basilan province in Bangsamoro Autonomous Region in Muslim Mindanao (BARMM),” the report read.

“The initial infrastructure and enterprise subprojects have been approved, and preparation of additional subproject concept notes and business proposals is ongoing,” it added.