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SunStar
bsp May 14, 2021 With the country geared towards boosting the agriculture sector, the Bangko Sentral ng Pilipinas (BSP) urged the passage of amendments to Republic Act No. 10000 or “The Agri-Agra Law,” a priority measure of the central bank for the 18th Congress.
BSP Governor Benjamin Diokno said the BSP’s legislative agenda will help usher the Philippines’ next stage of economic development.
“The Agri-Agra Bill will strengthen rural development by providing a holistic approach in addressing the financing needs of the broader agricultural financing ecosystem,” Diokno said.
According to the Philippine Statistics Authority, agriculture, forestry and fishing declined in the fourth quarter of 2020 by 2.5 percent , resulting in a full-year decline of 0.2 percent in 2020.