World Bank, ADB offer to bankroll govt food stamp program

By Philippine News Agency

Jun 04, 2023 10:11 am

The World Bank and the Asian Development Bank (ADB) have offered to finance the Marcos administration's food stamp program that aims to support one million 'food-poor' families from 2024 to 2027, the Department of Social Welfare and Development (DSWD) said Saturday.

The 'Walang Gutom (No Hunger) 2027' program will require an annual budget of P40 billion to provide the targeted beneficiaries P3,000 worth of food stamps per month.

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