PEACE AND DEVELOPMENT | EU sets aside €100 million for two Mindanao projects
1 week ago
By Dale Q. De Vera
DECEMBER 7, 2018 – Eyeing to increase support for peace and development in the country, the European Union has earmarked millions worth of euros for two development programs in Mindanao.
EU Ambassador to the Philippines, Franz Jessen, said the union is currently working with local authorities to identify the projects amounting to a total of 100 million euros each, under program names “MINPAD I” and “MINPAD II.”
Jessen also revealed that the European bloc is setting aside 55 million euros for a five-year Mindanao Peace and Development Program that targets the whole region including the Bangsamoro.
Though still in the pipeline, he said, the EU is expecting the funds to support the Mindanao peace road map and the governance framework.
The program, Jesses added, will deliver peace dividends at a grass root level through creation of jobs and improving the livelihoods of those who have been affected by conflict especially the former rebels and their families.
The remaining 45 million euros meanwhile is set to fund the Bangsamoro Transition and Normalization program which is specifically targeted to the Bangsamoro region only.
Jessen earlier said “the two programes are now scheduled for next year, due to the delays in the decision about the financing agreements, and it is the intention of the European Commission that they should be subject to Financing Agreements with the Government of the Philippines.”