Thursday, May 3, 2018

Asian Development Bank chief commits to support government's programs, more investments in Mindanao

President of Asian Development Bank, Takehiko Nakao / photo from Manila Bulletin (ctto)

The Asian Development Bank (ADB) expressed its commitment to support the Duterte administration’s programs and also vowed to invest more in Mindanao.

Yesterday, Takehiko Nakao, ADB president said in a media briefing that President Duterte’s several agenda are in line with ADB’s idealism, such as the government’s programs on rural development, education, and gender equality in the country.

“This Duterte government has several agenda which are in line with our own ideas,” Nakao said.
The ADB president also said that ADB supported the administration’s initiative when it comes to technical and vocational education training and its1 3 years of basic education, which is commonly known as the K to 12 program.

Nakao added that the Department of Social Welfare and Development (DSWD)’s conditional cash transfer or CCT scheme was also given financial support by the ABD.

“Education is of course one important part. We are also supporting the CCT, and this has been here for sometime from the previous government.” Nakao said.

The bank also announced that it will increase its investments in Duterte’s region, Mindanao.
“We also want to invest more in Mindanao, for sustaining peace in Mindanao. We need to develop Mindanao in a broader sense and we have a big road project in Mindanao last year,” Nakao said.

Finance Secretary Carlos Dominguez III earlier announced that Mindanao will be the “centerpiece” of the Philippine’s growth plans, in fact, infrastructure projects are ready for rollout soon to start the economic improvement projects and transform the island into a major hub of agriculture and industry.

Furthermore, Dominguez added that these infrastructure projects in Mindanao are designed to enhance economic production, improve the agriculture lands by opening new irrigation, and make the movement of people and goods easier.

He added that being the focal point of the “Build, build, build” program of President Duterte, there are atleast five of the administration’s top infrastructure projects already approved by the National Economic and Development Authority (NEDA) Board, which is chaired by President Duterte, are in the South.

Source: Manila Bulletin