The U.S. International Development Finance Corporation (DFC) will issue a $20 million loan to enable Agri Exim Global Philippines.
The United States will support the Philippines to achieve food security and a digital economy. Vice President Kamala Harris launches initiatives toward this end, according to the U.S. Embassy.
According to the U.S. Embassy, the U.S. Department of Agriculture plans to establish a dialogue on food security with its counterparts in the Philippines, with the participation of USAID and the U.S. Department of State. This dialogue will allow the two countries to work together to build resilient food systems and discuss best practices for agricultural innovation and sustainability, the embassy said.
The U.S. International Development Finance Corporation (DFC) will issue a $20 million loan to enable Agri Exim Global Philippines, Inc., a local processor of organic coconuts into derivative products, to grow its processing facilities in the Philippines, helping thousands of local farmers get organic certification and connect to global supply chains and customers.
Harris visited Manila recently after attending the Asia Pacific Economic Cooperation in Bangkok, Thailand.
