PRDP and NCDDP get P14-B from WBG

THE WORLD Bank Group (WBG) has allocated P14 billion in support for the implementation of the two new government projects especially in Mindanao.

In a press statement of WBG, the group is pouring support in the implementation of the National Community-Driven Development Project (NCDDP) and the Philippine Rural Development Project (PRDP).

The WBG consists of World Bank, including the International Bank for Reconstruction and Development and the International Development Association; International Finance Corporation; Multilateral Investment Guarantee Agency and International Centre for Settlement of Investment Disputes.

Based on its statement, the group, for instance, allocated P8.74 billion to enforce NCDDP in Mindanao, where “poor communities organize themselves, prepare project proposals to address their common problems, and compete for block grants to finance their own projects.”

“Typical investments may include local infrastructure such as water systems, school buildings, day care centers and health stations, as well as roads and bridges,” the statement added.

On PRDP, the WBG poured P5.3 billion with P501 million will be allocated for Autonomous Region in Muslim Mindanao alone. These will spent in support of the establishment of some projects, mostly farm-to-market roads.

The assistance provided by WBG is part of its new country partnership strategy.

“The WBG is scaling up support for rural development and job creation in the region by providing critical infrastructure and promoting private investment in agribusiness,” World Bank operations officer Lilanie Magdamo said recently in a multi-stakeholder dialogue co-organized with the University of Southeastern Philippines.

This arose following the completion of the Bangsamoro Development Plan.

During the Philippine Development Forum (PDF) on Feb. 4 last year at Marco Polo Davao Hotel, the World Bank and International Finance Corp. pledged to work together in bringing in 6,000 new jobs in Mindanao.

The creation of more jobs in the island was also part on the goals that were carved on the Mindanao Development Report which was presented during the first Mindanao Development Forum on Feb. 1 last year.

“Job creation is even more urgent in Mindanao as jobs contribute also to social cohesion. The need for good jobs—jobs that raise real wages or bring people out of poverty—is an overwhelming challenge,” Motoo Konishi, country director of World Bank-Philippines, said during the PDF last year.

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