PH, WB, UK LAUNCH $1B AGRI MODERNIZATION PROGRAM
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Philippines, World Bank, United Kingdom Launch USD1 Billion Agriculture Transformation
The Department of Agriculture (DA) on Friday launched the Philippine Sustainable Agriculture Transformation (PSAT) program, backed by a USD1-billion World Bank (WB) financing package, aiming to modernize the country’s agriculture, boost productivity and strengthen food security. PSAT marks the country’s first project under the World Bank’s Program-for-Results model, which releases funds based on measurable outcomes rather than upfront disburseme…
PH, WB, UK LAUNCH $1B AGRI MODERNIZATION PROGRAM
The Department of Agriculture (DA) unveiled the Philippine Sustainable Agriculture Transformation (PSAT) Program, backed by a $1-billion World Bank (WB) financing package, aiming to modernize the country’s agriculture, boost productivity, and strengthen food security. PSAT marks the Philippines’ first project under the World Bank’s Program-for-Results (PforR) model, which releases funds based on measurable outcomes rather than upfront disburseme…
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