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PIA Press Release
2006/10/11

PGMA economic managers identify major moves to spur growth

Bacolod City (11 October) -- The government is currently looking for ways to fund the $65 million dollars financial requirement to put up bio-fuel infrastructures in order to release the country from dependency on foreign oil, President Arroyo's key economic managers said.

Towards this end, the government is supporting the Philippine forest program that intends to develop vast jatropha plantations for the country's biogas projects.

Officials are also working doubly on competitiveness of the country and gaining the confidence of the business community.

Implementation of big infrastructure projects, fighting corruption at all levels and moves to raise the efficiency of the government are all being seriously pursued to complement the present economic gains.

Poverty is being addressed by pushing pro-poor programs, as plans to fund micro-finance projects for the DSWD in coordination with the DOF are on the line consistent with the government's promise to uplift the lives of poor Filipino families. (PIA-LOL) [top]

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