ADB Approves $400-M Loan for Philippines’ Food Stamp Program - BusinessWorld Online

‘Zero Hunger’ food stamp program gets $400 million from ADB

MANILA, Philippines — The Asian Development Bank (ADB) has approved a $400-million loan to help the Philippines finance a flagship welfare program aimed at reducing hunger and malnutrition among the country’s poorest households. The financing will support the government’s “Walang Gutom” (Zero Hunger) Food Stamp Program, which provides monthly electronic food vouchers to 750,000 poorest

ADB approves $400-M loan for Philippines’ food stamp program - BusinessWorld Online

THE ASIAN Development Bank (ADB) has greenlit a $400-million loan to expand the Philippine government’s food stamp program aimed at reducing involuntary hunger among low-income households. In a statement on Wednesday, the multilateral lender said it approved the financing for the Reducing Food Insecurity and Undernutrition with Electronic Vouchers Project. The $400-million loan will fund the government’s flagship social assistance initiative, Wa…

ADB approves 400 mln USD loan to boost Philippines' food security - Goa Chronicle

Manila: The Asian Development Bank (ADB) on Wednesday said it has approved a loan of 400 million U.S. dollars to help the Philippines reduce hunger, food insecurity, and poor nutrition amid escalating climate and disaster risks. The Reducing Food Insecurity and Undernutrition with Electronic Vouchers Project will support the government in expanding its new flagship social assistance initiative, the Zero Hunger Food Stamp Program, the ADB said in…