Philippines Gets $500-Million ADB Loan to Improve Agriculture Sustainability

Philippines gets $500-million ADB loan to improve agriculture sustainability

The Philippines will receive a $500-million loan, or about ₱27.9 billion, from the Asian Development Bank (ADB) to support efforts to make the local agriculture sector more sustainable through 2030.ADB agriculture, food, nature, and rural development sector office senior director Qingfeng Zhang said the loan agreement is part of the Manila-based multilateral lender’s plan to invest $1.5 billion for its program to build clearinghouse facilities a…

ADB, CGIAR, and Gates Foundation Partner to Transform Rice Sector,

LOS BAÑOS, PHILIPPINES (9 June 2025) — The Asian Development Bank (ADB) and CGIAR, with support from the Gates Foundation, today launched a new initiative to boost investments in sustainable and low-carbon rice production with the aim of improving the lives of millions of vulnerable smallholder farmers across Asia and the Pacific. Rice is the lifeblood of the region. It feeds more than half the population daily and is the cornerstone of liveliho…