Philippines: Appraisal of the Second Grain Processing project

World Bank, . (1976) Philippines: Appraisal of the Second Grain Processing project. Documentation. The World Bank, Washington, D.C., United States.

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i. This report appraises a Second Grain Processing Project in the Philippines, for which a Bank loan of $11.5 million is proposed. The project would support a three-year lending program by the Development Bank of the Philippines (DBP) for rice and corn mills, including related transport, drying and storage facilities, to be owned and operated by private Philippine entrepreneurs. ii. The first Rice Processing and Storage Project (Loan 720-PH) for $14.3 million was initially intended to finance capital-intensive, highly integrated modern rice mills and bulk storage facilities. However, subloan demand failed to materialize, and the project was, therefore, amended to include other grains, other post-harvest equipment, and more traditional but technically sound mills. The first project is now progressing satisfactorily, and is expected to be fully committed by June 1976. iii. The proposed project would be the fifteenth Bank/IDA project for agricultural development in the Philippines, and the ninth Bank project involving on-lending through DBP. Government would be the borrower, and DBP, through its Grain Processing Division, would be the executing agency. DBP, a wholly Government-owned bank, is the single largest source of long-term funds in the Philippines. Since its inception, it has approved financial assistance totalling nearly $3 billion. About 25% of its long-term loan portfolio is in agriculture. In FY75, DBP's total lending reached $320 million, of which 23% was to agriculture. The volume and diversity of DBP's operations give it a prominent and unique role as the Government's arm for financing economic development...

Item Type: Monograph (Documentation)
Uncontrolled Keywords: Rice, Corn mills, Grain Processing Division, Corn production, Kiskisan mills
Author Affiliation: The World Bank, Washington, D.C., U.S.
Subjects: Plant Production
Postharvest Management
Divisions: General
Depositing User: Ms Ishrath Durafsha
Date Deposited: 08 Mar 2014 09:56
Last Modified: 08 Mar 2014 09:56

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