AreaPhilippines

Commodity GroupGrains

CommodityAll

Date19/02/2021

Policy CategoryConsumption and marketing

Policy InstrumentGovernment market intervention

DescriptionReleased the Department of Budget and Management Special Allotment Release Order, under which PHL 27.5 billion (USD 572.1 million) will be provided in the form of equity participation to the Land Bank. This fund will target small and medium-sized enterprises that were impacted by the COVID-19 pandemic, providing direct loans.