The government financial institution (GFI), Development Bank of the Philippines (DBP) has allocated a P50-billion fund in support for the "effective implementation" of the 10-Year Maritime Industry Development Plan (MIDP) developed by the Maritime Industry Authority (Marina).
DBP and Marina formalized their partnership in implementing some of the programs under the MIDP with the signing of the Memorandum of Agreement (MOA) during the opening day of the 7th Philmarine 2022 held at the SMX Convention Center on June 21, 2022.
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