MinDa taps ADB for private sector dev't-A A +A
Saturday, August 2, 2014
THE Mindanao Development Authority (Minda) partnered with the Asian Development Bank (ADB) to conduct a series of consultations with the private sector in Mindanao to determine their needs and find ways to support them.
"We are doing [these consultations to know] how we can help support our business sector and increase their efficiency in the face of the changing economic climate, upcoming Asean Economic Community (AEC), the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-Eaga), and other challenges," Minda undersecretary Janet M. Lopoz, Minda executive director, in her key note message during the first Mindanao Business Solutions Expo (MBSE), organized by Globe Telecom, at the Marco Polo Hotel Davao Thursday.
In a separate interview yesterday, Lopoz said the partnership will also prepare the private sector to become more competitive.
The partnership began early this year and will run for six months but they have extended the partnership for three more months to be able to hold more consultations with the private sector.
Lopoz said the funding is shared by Minda and ADB.
Lopoz said the consultations are done by corridors -- Western Mindanao, Northern Mindanao, and Southern Mindanao.
She said they have finished the consultations with the private sector in Western Mindanao which lasted for four months. The draft report on the consultations is already available.
Based on their initial consultations, they found out that the private sector of Western Mindanao is having problems when it comes to transportation and infrastructure.
Lopoz also noted that based on their initial consultations, mobilizing the information communications technology (ICT) sector can help address some of the logistical problems of the private sector like tracking their goods.
"In the past, we saw that efficiency has been a factor of technical infrastructure now what is coming out is efficiency is now a factor of the ability to access available information. We found out that in many of the concerns of the private sector across Mindanao has something very related to available technology, available business solutions but [many] are not able to access these," she said.
She said the rest of the consultations in the island will be done simultaneously.
Published in the Sun.Star Davao newspaper on August 02, 2014.