The World Bank’s Board of Executive Directors this week approved a new multimillion-dollar loan to expand the country’s Philippine Rural Development Project (PRDP). Know more:
THE World Bank’s Board of Executive Directors this week approved a new multimillion-dollar loan to expand the country’s Philippine Rural Development Project .
“Almost 60 percent of the poor work in agriculture in the Philippines, so accelerating the growth of agriculture and fishery is vital for the country’s development overall and for poverty reduction,” said World Bank Country Director for Brunei, Malaysia, Philippines, and Thailand Ndiamé Diop. The Scale-Up will prioritize fewer but larger programs, increasing support for investments that will yield benefits beyond the immediate project area, including research and development, infrastructure, market connectivity, and biosecurity.
The Rural Development Project is active in 80 provinces, including 640 municipalities and 32 cities. It has reached almost 633,000 farmers, raised incomes, and improved connectivity to markets through construction of roads, bridges and post-harvest facilities, among other interventions.
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