10 ARMM towns to benefit from P2.5-B in foreign aid
Subscribe Now February 03, 2013 at 09:28pm
The project, funded mainly by a soft loan of 26,190,000 euro (P1.57 billion) and a grant of 1.35 million euro (P81 million) from the Italian government and some P866 million Philippine government counterpart, would benefit 53,000 households, and would be carried out in the next six years, said Hataman during the signing of the memorandum of agreement with the Department of Agrarian Reform (DAR) for the implementation of the program.
“This means a lot to us, especially in the context of the signing of the framework agreement,” Hataman said, referring to the document signed between the government and the Moro Islamic Liberation Front (MILF) in October 2012, which was expected to pave the way for a detailed political settlement.
According to Agrarian Reform Secretary Virgilio delos Reyes, projects will be funded in the Maguindanao towns of Datu Montawal, Datu Piang, North Upi, SK Pendatun, Sultan Mastura; the Lanao del Sur towns of Wao, Bubong, Kapatagan, Balindong, Malabang, among others.
The fund assistance mainly seeks to increase agricultural productivity of agrarian reform communities, develop viable markets for traditional crops and cash crops and fishery products, and strengthen the organizations of agrarian reform beneficiaries and improving their access to quality economic and basic support services.
Hataman said the six-year development project would address rural poverty and promote sustainable development in rural Mindanao.
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