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Monday, April 24, 2006
IFC opens office here, launches dev't projects
IN LINE with its mission to help reduce poverty and improve people's lives, the International Finance Corporation is deepening its commitment to the Philippines and to Mindanao in particular with the opening of its office in Davao City.
From this office, IFC will immediately implement a series of projects as part of its technical assistance program called PEP-Philippines.
Managed by IFC and co-financed by the governments of Australia and Canada, PEP-Philippines is a four-year program designed to support the development of small and medium enterprises with projects ranging from increasing small businesses' access to financing, enhancing the business climate at the subnational level and fostering agribusiness linkages between small and large businesses.
In Mindanao, PEP-Philippines will immediately implement its "rural financing" and "seaweed value chain" and "local investment climate promotion" projects in strategic areas. The projects will be managed by team leaders based in the IFC office in Davao City.
PEP-Philippines and its projects will be formally launched, with the theme "Driving Economic Growth Through Small and Medium Enterprises" on Wednesday through a press conference at the Marco Polo Hotel.
For Bisaya stories from Davao. Click here. (April 24, 2006 issue)
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