Connect with us

Business and Economy

EU eyes 55-M-euro grant for Marawi rehab

Published

on

FILE: European Union’s envoy to Manila Franz Jessen. (Photo: Delegation of the European Union to the Philippines)

FILE: European Union’s envoy to Manila Franz Jessen. (Photo: Delegation of the European Union to the Philippines)

MANILA — European Union (EU) Ambassador to the Philippines Franz Jessen said Thursday the bloc is eyeing a 55 million-euro (about PHP3 billion) grant to support Mindanao, particularly the rehabilitation of Marawi City.

On the sidelines of the Energy Smart Philippines 2017, Jessen told reporters that the EU is internally discussing the amount for Mindanao, which could be increased to 100 million euros (about PHP6 billion).

“Job creation would be a major focus. The energy will also be a major focus,” the envoy said.
Noting that the EU has been quick to respond in rolling out its assistance following the crisis in Marawi City, he said they had spent more than a million euros to provide potable water to those affected by the war in Marawi.

Jessen said the grant would also support upholding peace and stability in Mindanao.
Ensuring peace and stability in the entire country, he said, is crucial to attract more EU investors to the Philippines.

“European Union investors don’t look (at) the country being divided in different regions. But they look at it as one country and it is important that we have peace and stability,” the EU envoy stressed.

On Wednesday, Foreign Affairs Secretary Alan Peter Cayetano clarified that the government is open to grants from countries that would not attach any conditionality that would affect Philippine sovereignty.

Jessen said the EU’s grants to the Philippines in the past had not affected the country’s independent foreign policy.

He also mentioned that he met Cayetano and Finance Secretary Carlos Dominguez III last Tuesday.
“I think Secretary Cayetano and Secretary Dominguez, at the end of the day, they are practical people. And they look at the principles, and look at what actually is happening, what is our development assistance all about,” Jessen said. (PNA)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle3 weeks ago

We Are The Sum Of Our Choices

Most people tell me I’m lucky. No, darlings. IT HAS NOTHING TO DO WITH LUCK. I worked hard for most...

Lifestyle1 month ago

Never Settle For Less Than You Are

Before I became a mother, before I became a wife, before I became a business partner to my husband, I...

Lifestyle2 months ago

Celebrating My Womanhood

The month of March is all about celebrating women and what better way to celebrate it than by enjoying and...

Lifestyle3 months ago

Maria’s Funny Valentine With An Ex!

Maria in Vancouver can’t help but wonder: when will she ever flip her negative thoughts to positive thoughts when it...

Lifestyle3 months ago

The Tea on Vancouver’s Dating Scene

Before Maria in Vancouver met The Last One seven years ago and even long before she eventually married him (three...

Lifestyle4 months ago

How I Got My Groove Back

Life is not life if it’s just plain sailing! Real life is all about the ups and downs and most...

Lifestyle4 months ago

Upgrade Your Life in 2025

It’s a brand new year and a wonderful opportunity to become a brand new you! The word upgrade can mean...

Maria in Vancouver5 months ago

Fantabulous Christmas Party Ideas

It’s that special and merry time of the year when you get to have a wonderful excuse to celebrate amongst...

Lifestyle5 months ago

How To Do Christmas & Hanukkah This Year

Christmas 2024 is literally just around the corner! Here in Vancouver, we just finished celebrating Taylor Swift’s last leg of...

Lifestyle6 months ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...