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Monday, October 06, 2003
RDC 10, Medco identify NorMin invest areas
By Rubelyn Yap
THE Regional Development Council (RDC), together with the Mindanao Economic Council (Medco), identified potential areas for public investment for 2004-2006.
National Economic Development Authority (Neda) 10 Regional Director Myra Balandra said this was discussed during the recent Regional Rationalization Workshop for Northern Mindanao held at a restaurant in Cagayan de Oro City.
Balandra explained the workshop was held for the formulation of the Mindanao Investment Program for 2004-2006, a joint effort of the World Bank, Medco, Neda, and RDC.
She said the activity is one of the various discussion arenas scheduled in all regions of Mindanao to generate and validate the list of investment programs and projects.
"These will be endorsed for funding by the National Government or through the Official Development Assistance (ODA)," Balandra said.
The Neda 10 official said the Mindanao Investment Program is a consolidated list of proposed interventions and investment requirements from all regions in Mindanao for the medium term.
The program, she said, focuses on strategic interventions for sustained peace and development, and key economic development programs.
"The two main components may either be programs or project that are for technical or capital assistance," she said.
To ensure generation for appropriate inputs, the Neda 10 conducted a series of pre-workshop consultations that was attended by planning officers of various local government units and regional line agencies.
Balandra said the participants drew up a list of pipeline and proposed programs and projects.
She said these are categorized into region-specific, inter-regional and Mindanao-wide categories, all of which are supportive of peace and development efforts, socio-economic upliftment and poverty alleviation.
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