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Repeal of the Agri-Agra Law necessary

THE Bangko Sentral ng Pilipinas (BSP) said the repealing of Agri-Agra Law is projected to release finance for the agricultural financial ecosystem and rural community development requirements.

The central bank praised both chambers of Congress for ratifying the Bicameral Conference Report on the conflicting provisions of Senate Bill 2494 and House Bill 6134, titled 'The Agriculture, Fisheries, and Rural Development Financing Enhancement Act of 2022,' in a statement released on Friday.