MANILA, Philippines – The Philippine and Japanese governments on Monday signed the grant agreement for community development in conflict-affected areas in Mindanao, according to the National Economic and Development Authority (NEDA).
NEDA Director-General Arsenio Balisacan and Chief Representative of the Japan International Cooperation Agency (JICA) Philippines Office Noriaki Niwa, inked the grant agreement on behalf of the Philippine and Japanese governments, respectively.
The Philippines will receive a grant amounting to 1.117 billion Japanese yen or almost P500 million to facilitate the rehabilitation and construction of farm-to-market roads in Mindanao, particularly in Bumbaran in Lanao del Sur, Datu Paglas in Maguindanao and Alamada in North Cotabato.
It is the Japan-Bangsamoro Initiatives for Reconstruction Development who made the grant assistance possible.
Balisacan, who is also the economic planning secretary, said that connecting target farm villages to major highways will improve the welfare of farmers who largely rely on crop production as their main source of livelihood.
“We look forward to the attainment of full benefits from this undertaking and eventually to the enjoyment of ‘dividends of peace’ in Mindanao through the implementation of various peace and development programs in the area,” the Cabinet official said.
Philippines, Japan ink deal for development projects in Mindanao | Business, News, The Philippine Star | philstar.com
NEDA Director-General Arsenio Balisacan and Chief Representative of the Japan International Cooperation Agency (JICA) Philippines Office Noriaki Niwa, inked the grant agreement on behalf of the Philippine and Japanese governments, respectively.
The Philippines will receive a grant amounting to 1.117 billion Japanese yen or almost P500 million to facilitate the rehabilitation and construction of farm-to-market roads in Mindanao, particularly in Bumbaran in Lanao del Sur, Datu Paglas in Maguindanao and Alamada in North Cotabato.
It is the Japan-Bangsamoro Initiatives for Reconstruction Development who made the grant assistance possible.
Balisacan, who is also the economic planning secretary, said that connecting target farm villages to major highways will improve the welfare of farmers who largely rely on crop production as their main source of livelihood.
“We look forward to the attainment of full benefits from this undertaking and eventually to the enjoyment of ‘dividends of peace’ in Mindanao through the implementation of various peace and development programs in the area,” the Cabinet official said.
Philippines, Japan ink deal for development projects in Mindanao | Business, News, The Philippine Star | philstar.com