THE inauguration of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) could pave the way for progress and prosperity but socioeconomic challenges in the region must be addressed immediately, a member of cabinet said.

Socioeconomic Planning Secretary Ernesto Pernia at the First Bangsamoro Global Economic Summit on Monday said to spur development in the region, the national government would be providing an annual block grant — the automatic share of the BARMM government in the national internal revenue tax collections.

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