A P2 billion allocation to be used in credit facilities under the Agro-Industry Modernization Credit and Financing Program (AMCFP) has been approved by Congress for 2015. The appropriation is provided under Section 3 of the 2015 General Appropriations Act (GAA), which states: “The amount of P2 billion shall be transferred to government financial institutions (GFIs) or cooperative banks to be used exclusively for the establishment of a continue reading : Government Provides Additional P2 Billion for Agri-Fishery Loans in 2015
Benchmarking Project for the AMCFP-AFFP Begins
The Agricultural Credit Policy Council (ACPC) has embarked on a benchmark survey for the Agricultural-Fisheries Financing Program (AFFP) under the AMCFP. The survey, which started in the second semester of 2014 and is expected to finish by the end of the first semester of 2015, is aimed at collecting baseline data on specific indicators that will be useful in monitoring and assessing the AMCFP-AFFP’s progress continue reading : Benchmarking Project for the AMCFP-AFFP Begins