DA launches P65.3-B agri-fishery development projects with World Bank, UN | Inquirer News

DA launches P65.3-B agri-fishery development projects with World Bank, UN

By: - Reporter / @JMangaluzINQ
/ 04:21 PM May 16, 2023

The DA launched four different agri-fishery projects worth P65.3 billion together with World Bank and the UN’s food and agri organization. 

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MANILA, Philippines — The Department of Agriculture (DA) on Tuesday said that it launched four different agri-fishery projects worth P65.3 billion together with the World Bank and the United Nations’ Food and Agriculture Organization.

According to the DA, these projects include adapting the country’s agriculture, fisheries management, market access, and boosting productivity across different regions.

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The DA said that the Adapting Philippine Agriculture to Climate Change has a budget of P2.3 billion, which aims to boost the climate resilience of agricultural stakeholders in Cordillera, Cagayan Valley, Bicol, Northern Mindanao, and Soccsksargen regions.

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The second project, which is the Philippine Fisheries and Coastal Resiliency Project, costs P11.422 billion and aims to “improve management of fishery resources and enhance the value of fisheries production,” said the DA.

Meanwhile, the Scaled-up Philippine Rural Development Project (PRDP) will expand its coverage to link farmers to markets across and increase their income in the country with a project cost of P45.014 billion, said the DA.

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“The [Mindanao Inclusive Agriculture Development Project], on the other hand, will focus on 26 ancestral domains in Regions 9, 10, 11, 12, 13 and BARMM to sustainably increase their agricultural productivity, resiliency, and access to markets and services with a project cost of P6.625 billion,” said the DA.

“We will press on with our collaboration with members of the House and Senate as we support new legislation for the expansion of opportunities in our rural areas,” DA Senior Undersecretary Domingo Panganiban said in a statement.

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TAGS: Agriculture, Department of Agriculture, project, UN, United Nations, World Bank

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