WB OKs $83.75-M loan for agri devt in Mindanao

DAVAO CITY — The World Bank on Thursday said it has approved a $83.752-million loan sought by the Philippine government, to finance the second phase of a four-part program aimed at improving food security in Mindanao.

In a statement released to the media, the international lender said its board of directors had approved Phase 2 of the Mindanao Rural Development Project, which will benefit 225 municipalities in the 27 provinces of Mindanao.

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