D.A. seeks to secure multi-billion foreign financing to boost PH agri

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00:00The Department of Agriculture, or DA, announced it is working to secure billions of dollars in

00:06foreign funding to further strengthen the country's agriculture sector, the Philippine

00:10News Agency reported. The DA is working with the World Bank on a $300 million SMSME access

00:18to finance a climate resiliency project. This funding will be in partnership with the DOF,

00:24DTI, Philippine Crop Insurance Corporation, Agricultural Credit Policy Council,

00:29and the Insurance Commission. The Asian Development Bank approved a $250 million

00:35solar irrigation project and a $140 million grant for infrastructure, including port installations,

00:41pipe irrigation, and aquaculture. The DA, in partnership with France,

00:46also plans to build 300 farm-to-market bridges across the country, with funding worth up 350

00:53million euros.

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