The World Bank has allotted 12-billion pesos for rural development projects in Mindanao under the the PRDP – or Philippine Rural Development Project.
The amount will be awarded by the World Bank to assist farmers who will develop commodities and provide farm-to-market roads.
So far the World Bank has already approved 6.05-billion pesos to be released into Mindanao, the other 6-billion will follow soon after.
Sources say that most of the infrastructure will be in the form of farm-to-market roads and will be aimed at regions #9, #10, #11, #12, #13, as well as the Autonomous Region of Muslim Mindanao.
The World Bank previously signed an agreement with the Philippines on rural development – that program will last for 6 years, and is suppose to focus on establishing a modern climate-resilient agriculture and fisheries sector.
Like Us on Facebook
Latest posts by Timothy Walker (see all)
- Fil-Am and American turn themselves in on drug run in US - November 7, 2017
- Philippines suspends Uber, Grab vehicle registrations as backlog mounts - November 7, 2017
- Mad, bad or misunderstood? What is Kim Jong Un really thinking? - August 28, 2017