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DA secures WB loan for small biz in agri
Manila Bulletin
|July 05 2025
The Department of Agriculture (DA) is set to receive a loan financing from the Washington-based multilateral lender World Bank next year for a project aimed at supporting small agri-businesses.
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A June 26 document published on Thursday, July 3, showed that the DA is seeking an investment project financing (IPF) from the World Bank for its Improving MSME Access to Finance for Productivity and Resilience to Climate Shocks (PHL MSME PRIME) project. MSMEs are micro, small and medium enterprises, which account for over 99 percent of businesses and about two-thirds of total employment in the country.
According to the World Bank document, the total project cost will be $873 million, or over P49 billion.
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