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Friday, March 29, 2024

PHL ‘definitely on road to recovery’ –D.O.F to E.U. envoy

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IFNANCE Secretary Carlos G. Dominguez III said the Philippines is “definitely on the road to recovery” starting this year as the Covid-19 vaccination program is now being rolled out to safely reopen the economy.

Dominguez told European Union Ambassador Luc Véron in a virtual meeting that the Philippines is also fully capable of funding its accelerated spending on its economic recovery program.

Dominguez and Véron also discussed how the Philippines and the EU can broaden their cooperation to mitigate the effects of climate crisis and strengthen peace-building efforts in Mindanao.

Véron said these two concerns were identified as the top 2 priorities during discussions with Philippine officials on the EU’s next Multi-Annual Indicative Program (MIP) for 2021 to 2027.

He added MIP’s priority to support programs leading to a green and resilient economy in the Philippines is in line with Dominguez’s goal, as chairman-designate of the Climate Change Commission (CCC), to push for the ban on single-use plastics as a climate crisis mitigation measure.

In response, Dominguez welcomed EU’s focus on climate crisis mitigation and support for his advocacy on the ban on single-use plastics.

Apart from climate crisis mitigation, MIP’s priority programs on good governance are also in sync with Dominguez’s objective as co-chairman of the Intergovernmental Relations  Body (IGRB) coordinating with the Bangsamoro government in Muslim Mindanao to put in place a successful and functional autonomy in the region.

Véron said EU will continue with its projects to assist the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), particularly in setting up its judicial system, creating jobs and livelihood opportunities, and improving community-based infrastructure in the region.

Dominguez also requested Véron to explore the possibility of providing assistance to the BARMM in improving governance and allowing its officials to witness and learn first-hand from the best practices implemented by the autonomous governments in other countries.

Read full article on BusinessMirror

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