State-run Development Bank of the Philippines said Thursday it will extend technical and financial assistance to strategic initiatives to ensure the successful implementation of the Marcos administration’s three-year logistics master plan aimed at reducing the cost of commodities, particularly food.
DBP president and chief executive Michael de Jesus said the bank would work closely with the Department of Trade and Industry, Department of Agriculture and other government agencies and key stakeholders to modernize the food distribution system and storage and to address prevailing supply chain gaps
“DBP is one with President Ferdinand Marcos, Jr.’s goal of ensuring reliable food supply at reasonable prices for all Filipinos,” de Jesus said. “DBP will leverage on its experience and financial capability to support key programs to support this goal.”
DBP is the eighth largest bank in the country in terms of assets and provides strategic financing support to critical economic sectors such as infrastructure and logistics, micro, small and medium enterprises, social services, and the environment.