Prime Minister Shinzo Abe is looking to offer ¥5 billion ($48.2 million) in loans when he meets with Philippine President Rodrigo Duterte this week, bilateral diplomatic sources said.

The financial support is aimed at facilitating agricultural development in the southern Philippine island of Mindanao — Duterte's home base — the sources said Saturday.

Duterte, who will make his first visit to Japan on Tuesday, was a longtime mayor of the island's largest city, Davao.