Connect with us

Headline

EU allots P10.9-B aid for Mindanao, energy projects nationwide

Published

on

MANILA — Development assistance worth EUR170 million or PHP10.88 billion for Mindanao and energy projects all over the Philippines will be up for negotiation with the Philippine government, an executive from the European Union (EU) said.

“We have an ongoing commitment of EUR260 million, some of them are actually contracted for implementation,” said Stefano Marservisi, European Commission Director General for International Cooperation and Development, who also revealed the bloc had agreed to modify future financial contracts with the Duterte administration.

Marservisi said the EUR170 million is fixed but may increase by around EUR30 million up to EUR50 million, depending on the projects to be implemented, through the investment with Asian Development Bank, World Bank, and other multilateral development banks.

At present, the EU has an ongoing development assistance worth EUR260 million to the Philippines, focused on civil society, capacity building, technical assistance, and electrification programs.

For the period of 2014 to 2020, the EU has allocated a total of EUR325 million or PHP20.79 billion to the Philippines. Its last component, a EUR170-million worth development aid, is still up for signature.

To recall, President Rodrigo Duterte had rejected the assistance from the bloc, citing its meddling with the country’s internal affairs.

With the Partnership and Cooperation Agreement (PCA) recently enforced after ratification, Marservisi is optimistic the two parties can sit down and discuss what needs adjustment on development talks.

During a meeting with high-ranking officials from the Philippine government, he said the issue of human rights was not discussed.

“No, we didn’t discuss this, we discussed energy, Mindanao, and the mutual interest that we have in the region and what are the common interest in doing cooperation in the Philippines,” he said.

Marservisi said development projects “can go on as it is”, given the current stage the EU is in, when it comes to implementing assistance on energy.

“It is precisely on this we are advancing in order to finalize the text and to make it even clear in the light of the recently adopted PCA,” he explained. “To find the right way to be coherent in this new agreement… we are now finalizing texts.”

In a symposium on Friday, Marservisi also joined National Economic and Development Administration (NEDA) Secretary Ernesto Pernia and executives from the Department of Energy to discuss cooperation in providing power to small businesses in off-grid areas through stand-alone solar energy.

The solar-powered small businesses will be piloted in Davao and Bohol, before replication in other off-grid sites throughout the country.

The solar power options for small businesses are based on a feasibility study conducted late 2017 in three off-grid communities in Davao and Bohol by the EU-supported Access to Sustainable Energy Programme.

Continue Reading
Click to comment

Leave a Reply

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

Maria in Vancouver

Lifestyle1 week ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...

Lifestyle2 weeks ago

What I Know Now About Motherhood

Did you know that a mother’s cells can live in her child’s body for their entire lives? This fascinating phenomenon...

Headline1 month ago

Age with Audacity

At 25, I imagined life at 50 would mean I’d be past my prime and grumpy.  Little did I know,...

Lifestyle1 month ago

Spring Clean Your Body, Mind and Home

Spring has sprung! This season is perfect for spring cleaning, but why stop at our homes?  We can also rejuvenate...

Lifestyle2 months ago

Hear Us Roar

There is absolutely nothing wrong with a woman who wants her happily ever after. I certainly did. After 21 years...

Lifestyle3 months ago

The Real Rich

Margaret Atwood aptly captured this dynamic with the phrase, “Old money whispers, new money shouts.”  Let me elaborate on this...

Headline3 months ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline4 months ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline4 months ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline5 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...