EU extends P3.38 billion worth of grants for Mindanao projects

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MANILA - The Philippines and the European Union have signed 2 grants worth 60.5 million euros for peace efforts and infrastructure projects in Mindanao, the Department of Finance said Sunday.

The agreement for the Mindanao Peace and Development Program-RISE worth 35.5 million euros was signed on June 26, while the Support to Bangsamoro Transition program worth 25 million euros was signed on July 1, the DOF said in a statement.

"This EU assistance will certainly help the Duterte administration achieve its goal of just and lasting peace and development in southern Philippines, and in supporting genuine autonomy in the Bangsamoro region," Finance Secretary Carlos Dominguez III said. RISE Mindanao aims to increase economic opportunities and "contribute to a peaceful, cohesive, secure and inclusively developed" region.

The SUBATRA program, meantime, targets to establish "an enabling democratic governance environment" for the Bangsamoro region. The EU is a major contributor to the Mindanao Trust Fund for Reconstruction and Development, the DOF said.

 

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Please lang, send it thru an authentic and reputable NGO. It will be in a better hands. Please!

Dretso na nman sa kaban ni mang kanor!

Sana naman gamitin talaga sa purpose itong pondo na ito.

Saan bulsa kaya ito dadapo?

Sus itotroll lang kayo nyang mga taga Mindanao. Mga walang utang na loob yang mga yan. Nakikinabang sa Luzon galit na galit sa mga kumpanya sa Luzon

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