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PIA Press Release

NEDA okays P2.6-billion new foreign-funded environment, energy projects

Roxas City (14 August) -- The National Economic and Development Authority (NEDA) Board, chaired by President Gloria Macapagal-Arroyo, approved recently about PhP2.6-billion new projects under the Environment and Energy Program as provided in the Assistance Agreement between the governments of the Philippines and the United States of America (USA).

Of this amount, about PhP1.99 billion shall be provided by the United States Agency for International Development (USAID) while the remaining PhP656 million shall be provided by the Philippine government and other non-government partners.

The PhP1.99 billion is part of the total USAID assistance of PhP3.2 billion (US$73 million) which covers both new and ongoing projects under the Program. The remaining PhP1.22 million (US$27.822 million) is allocated to support the implementation of ongoing activities.

An initial grant of US$13.74 million will be provided in 2008. Meanwhile, the Philippine government implementing agencies—Department of Agriculture, Department of Environment and Natural Resources, Department of Energy and Department of Finance—and non-government grantees shall provide the counterpart contributions in cash or in kind but shall not be less than the equivalent of one-third of the total USAID contribution. The implementation will cover a six-year period from October 2008 until September 2013.

Recently, the United Nations (UN) and the Philippine government signed a 3-year Joint Programme on "Strengthening the Philippines' Institutional Capacity to Adapt to Climate Change" with a $8-million funding from the Millennium Development Goals (MDG) Achievement Fund.

UN Resident Coordinator Nileema Noble signed the Joint Programme Document for the UN and newly installed Socio-Economic Planning Secretary and NEDA Director General Ralph Recto. Charge' d' Affaires Alvaro Trejo of the Embassy of Spain witnessed the signing.

The MDG-AF is a global $700-million facility contributed by the Government of Spain to the UN in December 2006.

It aims to accelerate progress towards the attainment of the MDGs in select countries by supporting programs in areas widely acknowledged as central to the achievement of MDGs and other internationally agreed development goals.

These areas are in environment and climate change, gender, culture diversity, democratic economic governance, private sector development, conflict prevention, food security, and employment and migration.

The Philippines is a signatory to the 2000 Millennium Declaration that rolled out the time-bound MDGs as a global agenda for development by 2015.

The eight MDGs are: halve extreme poverty and hunger; universal primary education; gender equality; reduce child mortality; improved women's health; stop and reverse the spread of HIV/AIDS and other diseases; environmental sustainability; and, global partnerships for aid, trade and debt relief.

There are ongoig local initiatives in line with the government's efforts to achieve the MDGs including activities of local government units and concerned national government agencies based in the province. (PIA-JSC) [top]

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