$186-M int’l aid pledged to boost agriculture
By Lira Dalangin-Fernandez
INQUIRER.net
First Posted 11:43:00 04/11/2008
MANILA, Philippines -- Amid the rice situation in the country, an international funding agency has pledged some $186 million in assistance to boost agriculture production.
Kevin Cleaver, assistant president for program management department of the International Fund for Agricultural Development (IFAD), said $66 million would come this year for agriculture development in the Cordillera and some $120 million to come in the next four years for various agricultural projects.
He said the funding would have a medium to long-term effect to the country's agriculture sector.
He said that right now, the country has a short-term problem, but added that the government was doing something about it.
He said the government should deal with the rice situation to avert a food crisis being experienced by countries such as Haiti and Egypt.
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