DA seeks more foreign project funding to fill investment gaps in agriculture sector

The Department of Agriculture is actively seeking additional funding from international development partners to address critical challenges in the agricultural sector and fill large gaps in farm infrastructure due to the lack of significant investments in the past three decades.

Speaking at the Manila Overseas Press Club, Agriculture Secretary Francisco P. Tiu Laurel Jr. said the DA recognized that the government has limited resources to undertake major projects such as seaports, roads and bridges, and irrigation that are needed to modernize agriculture and improve the income of farmers and fishermen.

“Your department is working at finding other funding sources from official development partners to implement necessary and relevant interventions needed to address critical sectoral and institutional challenges and investment gaps,” the DA chief said.

Sec. Tiu Laurel said development of “Build Better More” farm-to-market roads and bridges has been proposed to the French Government to improve the infrastructure linking farm production sites, fisheries, coastal landing points, and post-harvest facilities to markets and major highways.

He said the project will also facilitate trade to ensure smooth and efficient movement of agricultural products to reduce trade barriers and develop a more effective value chain for food and agricultural commodities to ensure they reach their destinations more efficiently.

The DA chief said the program is expected to address significant infrastructure gaps that currently hinder the efficient distribution of agricultural goods.

Sec. Tiu Laurel said the DA is also proposing a project under the World Bank’s Program for Results, or P4R, provide incremental funding to accelerate DA’s initiatives and enhance the impact of its programs, and emphasize achieving sustainable outcomes and building institutional capacity.

He pointed out the the World Bank’s P4R approach uses government systems and procedures rather than the Bank’s, streamlining the process and focusing on tangible results. P4R project is part of the World Bank’s strategy to expand the impact of development interventions through a results-oriented approach.

Sec. Tiu Laurel also