कोशिश गोल्ड - मुक्त
DA, World Bank Map Out $70-M Farm Insurance Fund
The Philippine Star
|September 08, 2025
The Department of Agriculture (DA) and the World Bank have agreed to structure a $70-million climate insurance fund as a co-insurance pool that will bring in private insurers alongside the state-run Philippine Crop Insurance Corp. (PCIC).
Under the arrangement, the Department of Finance will serve as borrower of the World Bank loan while the DA will implement the program, which is set to roll out in 2026.
The initiative is expected to benefit 750,000 small farmers and fisherfolk by the time it wraps up in 2030.
"This will allow our producers to bounce back faster after climate shocks and resume production with minimal delay."
यह कहानी The Philippine Star के September 08, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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