With the approval of a $5.251 million additional grant for the Mindanao Trust Fund (MTF), an additional 65 villages in 21 conflict-affected towns of Mindanao will now have access to funds for livelihood and small-scale infrastructure, the World Bank said recently.
The Washington-based lender noted that the grant will help speed up reconstruction and create small businesses and jobs, as well as to improve social and economic recovery in war-torn communities.
The World Bank and other international development partners established the MTF in 2006 as a mechanism for pooling funds and coordinating support for conflict-affected areas in Mindanao.
The bank stated that presently, the MTF has completed 240 reconstruction and development projects, including classrooms, health stations, access roads, water supply systems, core shelters and community centers in 154 conflict-affected communities in 75 municipalities across Mindanao.
Under the program, the residents of these communities choose and implement their own projects that enable them to recover from the conflict and improve their living conditions.
The lender continued that besides funding projects identified by communities, part of the grant will be channeled through the International Labor Organization to support livelihood activities. It will also provide skills training to help people secure steady employment.
According to World Bank Country Director Motoo Konishi, the additional financing comes at a critical juncture in the country’s history.
Konishi further said that the recently signed Framework Agreement on Bangsamoro underscores the importance of intensifying socio-economic assistance to communities that have suffered from decades-old conflict.
“This additional funding means that while the government and the MILF [Moro Islamic Liberation Front] flesh out the details of the Framework Agreement on the negotiating table, the program will continue to deliver much needed services to conflict-affected communities,” the World Bank official mentioned.
Meanwhile, Secretary Teresita Quintos- Deles of the Office of the Presidential Adviser on the Peace Process said that the additional financing for the MTF will help the country’s efforts to heal, rehabilitate and develop conflict-affected areas. Deles also affirmed that it will also strengthen the constituency for peace and citizen’s participation on the ground.
“We welcome the additional support that adds to the government’s efforts to empower conflict-vulnerable communities in their quest for a peaceful and progressive life. We hope that this mechanism will continue to bridge goodwill and trust not just between the parties on the peace table, but also with the communities on the ground that we serve,” she claimed.
The World Bank is joined by several development partners, which support the MTF, including the European Union, the Swedish International Development Cooperation Agency, the United States Agency for International Development, the Australian Agency for International Development, the New Zealand Ministry of Foreign Affairs and Trade, and the Canadian International Development Agency.
The MTF works through the Bangsamoro Development Agency (BDA), the development arm of the MILF, whose mandate is to determine, lead and manage relief, rehabilitation and development projects in conflict-affected areas in Mindanao.
“The MTF serves an important confidence-building role in bringing the government and the MILF together on development issues affecting the Bangsamoro,” Dr. Saffrullah Dipatuan, BDA chairman said.
“The additional financing will boost our efforts to build the capacity of the BDA so that the MILF will have a core of technical experts in development on whom to draw following a peace agreement with the government,” he added.
The BDA is supported by Community and Family Services International, the Mindanao Land Foundation and the ILO.
Published : Friday January 18, 2013 | Category : Top Business News | Hits:36
By : MAYVELIN U. CARABALLO REPORTER
Developing countries like the Philippines must focus on raising the growth potential of their economies, while strengthening buffers to deal with risks from the euro area and the fiscal policy issue in the United States, the World Bank said in a repo... Read more
Published : Friday January 18, 2013 | Category : Top Business News | Hits:38
By : MADELAINE B. MIRAFLOR REPORTER
After a two-day losing streak, local stocks recovered slightly as the World Bank upgraded its economic outlook for the Philippines from this year to 2015. Read more
Published : Friday January 18, 2013 | Category : Top Business News | Hits:34
By : RAADEE S. SAUSA
PORTFOLIO investment transactions in December 2012 surged net inflows of $213 million, from the $139.45 million net inflows recorded a year ago. Read more
Published : Friday January 18, 2013 | Category : Top Business News | Hits:33
By : ROSALIE C. PERIABRAS
Even with the growing popularity of electronic gadgets like smartphones, the rosary remains one of the most important must-haves of office workers in the Philippines. Read more
Published : Friday January 18, 2013 | Category : Top Business News | Hits:42
By : AFP
MILAN: Italy reported strong trade surplus data for November on Wednesday and said that the figures for 2012 as a whole could be the strongest for ten years, an encouraging sign for the eurozone’s third-biggest economy. Read more