Intentar ORO - Gratis
Sustainable agri plan downsized
Manila Bulletin
|April 29, 2025
The Philippine government will shell out $7.4 billion, or about P415.9 billion, to co-finance with the World Bank an upcoming program aimed at making domestic agriculture sustainable.
An appraisal program information document of the World Bank, dated April 24, said the Department of Agriculture's (DA) upcoming Philippines sustainable agricultural transformation program was appraised by the Washington-based multilateral lender in March, allowing negotiations to proceed.
The $1-billion (around P56.2-billion) loan for this program—poised to be the Philippines' biggest-ever single borrowing from the World Bank—is scheduled for approval on June 24.
This forthcoming World Bank loan will be a program-for-results financing (PforR)—a first for the Philippines—setting it apart from the usual development policy financing (DPF) and investment project financing (IPF) that the country avails of.
The Department of Finance (DOF) will borrow on behalf of the implementing agency, the DA.
With a total program cost of $8.4 billion, or over ?472 billion, the Philippines will source the bulk of financing from the annual national budget.
Esta historia es de la edición April 29, 2025 de Manila Bulletin.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Manila Bulletin
Manila Bulletin
Gov't under fiscal pressure
The Philippines entered 2026 saddled with the widest budget deficit in Southeast Asia, leaving the country alongside neighboring Indonesia facing the most severe market pressure in the region to scale back state spending as borrowing costs climb.
2 mins
June 4, 2026
Manila Bulletin
In every color, a story
Araneta City celebrates the freedom to shine in every color this Pride Month with ‘Free To Be Hue’
3 mins
June 4, 2026
Manila Bulletin
PBBM vows to expand barangay scholarship program
President Marcos vowed to further strengthen the Bawat Barangay Makikinabang program, stressing the importance of education in improving the future of Filipino youth.
1 mins
June 4, 2026
Manila Bulletin
Estrada, Bonoan arraigned today on graft charges
Senator Jinggoy Estrada and former Public Works and Highways Secretary Manuel Bonoan will be arraigned today, June 4, in their graft case involving alleged anomalous flood control projects, the Sandiganbayan Second Division said on Tuesday, June 2.
2 mins
June 4, 2026
Manila Bulletin
PH faces possible 12.5% US duties
The Philippines could soon face additional duties of up to 12.5 percent on some of its exports to the United States (US) as a result of its alleged failure to enforce measures banning the entry of goods produced with forced labor.
2 mins
June 4, 2026
Manila Bulletin
A standout coffee discovery in BGC
Common Man Coffee Roasters pairs specialty coffee, locally inspired lattes, and all-day brunch favorites with a bright, welcoming atmosphere in its newest location
3 mins
June 4, 2026
Manila Bulletin
Senate breaks 2-day session deadlock
Chiz’s arrival restores quorum; Gatchalian takes No. 2 post
4 mins
June 4, 2026
Manila Bulletin
Marcos approves 2026 investment plan focused on AI, cybersecurity
President Marcos has approved the 2026 Strategic Investment Priority Plan (SIPP), identifying key industries and emerging technologies that will be prioritized for government incentives and investment promotion.
2 mins
June 4, 2026
Manila Bulletin
Sandiganbayan denies Romualdez's request to lift hold order; risk of evading arrest cited
The Sandiganbayan has denied the motion of House Speaker Martin Romualdez to lift a precautionary hold-departure order (PHDO), ruling there was no sufficient basis to allow his travel abroad.
1 mins
June 4, 2026
Manila Bulletin
Honda bringing broad lineup of ICE and hybrid cars to PIMS
Both sporty and practical
1 mins
June 4, 2026
Listen
Translate
Change font size