China’s Ministry of Agriculture offers $100 million credit line for hybrid rice production (Linked to Project ID #38626, #34702, #34534, and #34576)
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
China Ministry of Agriculture [Government Agency]
Agriculture, forestry, fishing (Code: 310)
On December 20, 2000, Philippines Department of Agriculture and the Ministry of Agriculture of China agreed to a $100 million credit line with the Philippines to facilitate the production of high-yield hybrid rice. Loans approved under the credit line were to be repaid over eight years with a two-year grace period at an interest rate of 3%. It appears that two projects were ultimately approved under this credit line: the Banaoang Pump Irrigation Project (captured in Project ID#34534) and the General Santos Fish Port Complex Upgrading Project (captured in Project ID #34576).Part of this project also included the establishment of the Philippines-Sino Center for Agricultural Technology (PhilSCAT) at Central Luzon State University (captured in Project ID#34702), and the launch Agricultural Technical Cooperation Program (captured in Project ID#38626). In April 2013, the SL Agritech Corporation (SLAC), the Philippines' pioneer hybrid rice seeds producer, has developed its own hybrid rice, SL-8H, in collaboration with China and using Chinese hybrid rice technology. Through PhilSCAT, a number of hybrid rice varieties have become successful in the Philippines.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Philippine Department of Agriculture (DA) [Government Agency]