China gives PH grant to boost rice production, irrigation
The Department of Finance (DOF) said the Chinese government will provide a multimillion grant to the Philippines to boost its palay production as well as its irrigation system.
A report in Manila Bulletin showed that Finance Secretary Carlos G. Dominguez III and Chinese Commerce Minister Zhong Shan already forged the agreement for the 27.52-million renminbi grant of China to the Philippines.
The grant is to particularly help the Philippines boost its rice production capacity so it could achieve self-sufficiency.
The agreement, which will be implemented by the Department of Agriculture, covers Phase III of the technical cooperation project for the Philippines’ agricultural technology center.
As part of this move, the Philippine Sino Ceter for Agricultural Technology’s (PhilSCAT) Hybrid Rice Technology Research and Demonstration Center will be upgraded into a modern Hybrid Rice Breeding Station and Technology Demonstration Center.
Another agreement signed by the Finance secretary is a $62-million preferential buyer’s credit loan agreement on the Chico river pump irrigation project and an agreement on economic and technical cooperation involving a separate $79-million grant.
The irrigation project will afford a stable water supply to approximately 8,700 hectares of agricultural land. This will benefit 4,350 farmers and their family and aid 21 barangays in the provinve of Cagayan and Kalinga.