WebClick Tracer

October 02, 2023

Philippines secures $600M World Bank loan to boost agriculture and fisheries sector

The Philippines has signed a $600 million loan agreement with the World Bank to improve the agriculture and fisheries sector through public infrastructure intervention.

The loan aims to enhance farmer and fisherfolk access to markets and improving efficiency in the food supply chain.

In addition, it will fund the Philippine Rural Development Project Scale-Up, which will benefit around 450,000 farmers and fisherfolk, generate 42,000 new jobs, and cover 16 regions across the country.

The total World Bank development assistance loan and grant commitments to the Philippines now amount to approximately $7.95 billion.


PNB recognized during SSS’s 66th anniversary celebration

The Social Security System (SSS) has bestowed two prestigious awards upon Philippine National Bank (PNB), designating them as the “Best Collection Partner” for the Overseas Bank category and the “Best Disbursement Partner” for the Universal Bank category during the “Balikat ng Bayan” Awards (BBA) 2023 ceremony held at the SSS Main Office in Quezon City on September 8.

Read More ...