By Manila
Standard Today
The
government is seeking a $500 million loan from the World Bank to expand the
proposed $627-million poverty mitigation strategy in the countryside to cover
more regions.
“The
Philippine Rural Development Program is an ‘upscaled’ Mindanao Rural Development
Program,” Agriculture Secretary Proceso Alcala said. “It will be implemented
nationwide possibly by August 2013.”
World Bank
lead rural development specialist Carolina Figueroa-Geron said the Philippine
government would raise $120 million as counterpart fund to the $7-million grant
from the Global Environment Facility.
She said
the agriculture office is required to present a proposal to the National
Economic and Development Authority’s technical board for evaluation.
Mindanao
Rural Development Program is a flagship poverty alleviation thrust of the
agriculture department, across 225 towns in 26 provinces.
MRD
director Lealyn Ramos said the Australian Government Overseas Aid has provided
a $3 million grant to upgrade agricultural services in project design,
implementation, monitoring and evaluation.
“It will
also be used to improve the livelihood opportunities for the targeted
communities and institutionalize the program among the local government units’
delivery of services that promotes participation, transparency and
accountability,” she said.
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