Finance Secretary Carlos Dominguez 3rd announced that the LandBank of the Philippines has begun implementing a Japan-funded $40 million (P1.76 billion) project to jumpstart agribusiness investments and raise farmers’ incomes in the Autonomous Region in Muslim Mindanao (ARMM) and other conflict-affected areas in Southern Philippines.
The loan agreement for this program – the Harnessing Agribusiness Through Robust and Vibrant Entrepreneurship Support of Peaceful Transformation (Harvest) – was signed by the LandBank and the Japan International Cooperation Agency (JICA) last January, based on JICA documents, that took effect on June 9.
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