European Union Allots P10.9-Billion Aid for Mindanao & Other Energy Projects Nationwide

One of the world's most influential continental group, the European Union allots P10.9-Billion for Mindanao Aid and also alloted some funds for various energy projects nationwide. The EU aid comes a few months after Pres. Duterte rejected the European bloc's assistance to the Philippines.


An executive from the European Union (EU) revealed that development assistance worth EUR170 million or PHP10.88 billion for Mindanao and energy projects all over the Philippines will be up for negotiation between the Philippine government and and the European Union.

"We have an ongoing commitment of EUR260 million, some of them are actually contracted for implementation," said Stefano Marservisi, European Commission Director General for International Cooperation and Development, who also revealed the bloc had agreed to modify future financial contracts with the Duterte administration.



The EU Represenative, Stefano Marservisi said the EUR170 million is fixed but may increase by around EUR30 million up to EUR50 million, depending on the projects to be implemented, through the investment with Asian Development Bank, World Bank, and other multilateral development banks.

Right now based on records, the EU has an ongoing development assistance worth EUR260 million to the Philippines, focused on civil society, capacity building, technical assistance, and electrification programs.

For the period of 2014 to 2020, the EU has allocated a total of EUR325 million or PHP20.79 billion to the Philippines. Its last component, a EUR170-million worth development aid, is still up for signature.

The newest assistance from the European Union came after Pres. Duterte had rejected the assistance from the bloc, citing its meddling with the country's internal affairs.

With the Partnership and Cooperation Agreement (PCA) recently enforced after ratification, Marservisi is optimistic the two parties can sit down and discuss what needs adjustment on development talks. During a meeting with high-ranking officials from the Philippine government, he said the issue of human rights was not discussed.

Source: PNA

European Union Allots P10.9-Billion Aid for Mindanao & Other Energy Projects Nationwide European Union Allots P10.9-Billion Aid for Mindanao & Other Energy Projects Nationwide Reviewed by Phil Newsome on March 04, 2018 Rating: 5
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