DA Seeks Multi-Billion-Dollar Foreign Financing to Enhance Philippine Agriculture Sector.
Manila: The Department of Agriculture (DA) announced its intention to secure multi-billion-dollar foreign financing to enhance the country’s agriculture sector. At a press conference on the sidelines of the Kadiwa ng Pangulo Expo 2024, DA Assistant Secretary Arnel de Mesa revealed that the country is planning 12 to 14 new financing projects in collaboration with the World Bank, the Asian Development Bank (ADB), and the French government. According to Philippines News Agency, these initiatives include the USD1 billion Philippine Sustainable Agriculture Transformation project, which aims to become the largest project within the department. De Mesa explained that the project would