Present during the signing of the memorandum of agreement are Agriculture Secretary William Dar, Development Bank of the Philippines President and Chief Executive Officer Emmanuel Herbosa, and Agriculture Undersecretary Ariel Cayanan. CONTRIBUTED PHOTO
STATE-owned Development Bank of the Philippines (DBP) has signed a memorandum of agreement (MoA) with the Department of Agriculture (DA) to facilitate the disbursement of financial assistance to the agriculture sector.
DBP President and Chief Executive Officer Emmanuel Herbosa said under the agreement, the bank shall provide the disbursement channels to implement DA's initiatives on direct cash or loan interest rate subsidy and other forms of assistance to qualified agri-fishery enterprises, agriculture cooperatives, farmers, fisherfolk and other agricultural workers.