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DA to release ₱700 M for Typhoon ‘Ambo’

By Madelaine B. Miraflor

Even as Typhoon “Ambo” already weakened into a severe tropical storm, the Department of Agriculture (DA) was still compelled to release ₱700 million out of its Quick Response Fund (QRF) to bankroll its calamity recovery efforts for the agriculture sector.

Based on a data from the DA’s Disaster Risk Reduction and Management Council, the DA will withdraw ₱700 million from it’s QRF for the rehabilitation of farms and fishing communities hit by Ambo.

QRF is a built-in fund allocation that serves as a standby budget that certain agencies can tap to immediately assist areas stricken by catastrophes and crises. It gets replenished by the Department of Budget and Management regularly.


Source: Manila Bulletin (https://business.mb.com.ph/2020/05/17/da-to-release-%e2%82%b1700-m-for-typhoon-ambo/)

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