The World Bank and the Asian Development Bank (ADB) have offered to finance the Marcos administration's food stamp program that aims to support one million 'food-poor' families from 2024 to 2027, the Department of Social Welfare and Development (DSWD) said Saturday.
The 'Walang Gutom 2027' program will require an annual budget of P40 billion to provide the targeted beneficiaries P3,000 worth of food stamps per month.Courtesy of DSWD-X'We will still have discussions with the economic team how to source. There are challenges given the limited resources that the government has),' DSWD Undersecretary Eduardo Punay said at a news forum.'But since we have discussions with development partners such as ADB, there are others, like the World Bank.
Under the program, a beneficiary family will get an electronic benefit transfer card loaded with P3,000-worth of food credits that can be used to purchase select commodities from DSWD-accredited retailers.Punay said the credits are not convertible to cash and cannot be withdrawn from an automated teller machine, like the cash grants under the 'Pantawid Pamilyang Pilipino Program,' a conditional cash transfer program.
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