The Department of Agriculture (DA) is seeking World Bank funding for its $200-million Fisheries and Coastal Resiliency (FishCoRe) project that aims to improve the country’s fishery production. In a statement on Monday, Agriculture Secretary William Dar said the loan, equivalent to P10.095 billion, would support the scaling up and modernization of the Philippine capture fisheries and aquaculture industry through the provision of technical support, capital and enabling environment. The FishCoRe project also aims to address structural weaknesses in the value chain to improve the sustainability and resiliency of fishery resources, increase the incomes of fisherfolk, and uplift the socioeconomic condition of coastal communities amid the coronavirus disease 2019 (Covid-19) pandemic.

Gomez, E. J. (2020, June 2). $200-M WB funding eyed for fisheries. The Manila Times, p. B2.