Manila, May 15 -- The Department of Agriculture (DA) on Friday launched the Philippine Sustainable Agriculture Transformation (PSAT) program, backed by a USD1-billion World Bank (WB) financing package, aiming to modernize the country's agriculture, boost productivity and strengthen food security.

PSAT marks the country's first project under the World Bank's Program-for-Results model, which releases funds based on measurable outcomes rather than upfront disbursements. The project is a vote of confidence in the DA's reform agenda and a shift toward results-driven development financing.

"This financing allows us to raise farm productivity, stabilize food supply, and protect millions of livelihoods dependent on agriculture. By strengthening...