Connect with us

Hi, what are you looking for?


P1-B fresh fund set for EU, Germany-supported Mindanao peace, economic program

A P1-billion peace program backed by the European Union (EU) and German government was launched last week, targeting to benefit marginalized sectors, including smallholder farmers and fisherfolk in Mindanao.

The four-year project, called SPADe or Strengthening the Implementation of Regional and Local Peace and Development Agendas in Mindanao, will support plans set out by the peace and economic councils across six regions.

“Special attention will be given to vulnerable and marginalized groups such as smallholder farmers and fisher folk, indigenous peoples, internally displaced people, women, and youth,” according to a statement released Friday by the European External Action Service, the EU’s diplomatic service.

EU Ambassador Luc Veron said the project “is consistent with our EU vision, which calls for an integrated approach to conflicts, supports state and societal resilience, addresses extreme poverty, inequality and chronic fragility.”

“Building on our past and current engagements… by investing in improved social cohesion and resilience of communities and by creating economic opportunities, we will contribute to peace,” Mr. Veron said during the launch ceremony.

SPADe is part of the Mindanao Peace and Development Programme (MinPAD RISE), intended to contribute to inclusive economic growth in the country’s southern area.

MinPAD RISE initially received a EUR35.5 grant, or about P2 billion, in June 2020.

The SPADe program will be implemented by the Mindanao Development Authority (MinDA) and the Department of Interior and Local Government, with support from German development agency GIZ GmbH.

“Germany remains committed to contributing to the comprehensive efforts of the peace-building process in Mindanao by providing substantial funding and experts,” German Ambassador to the Philippines Anke Reiffenstuel said.

Undersecretary Janet M. Lopoz, executive director of MinDA which is also the implementing agency of MinPAD RISE, said it is important to complement “the different initiatives” relating to peace and economic development.

SPADe will focus on farm and fishery value chain development and investment promotion, strengthening cooperatives and small enterprises, promotion of good governance among local units, natural resources management, and empowerment of vulnerable groups.

“To reach its socio-economic objectives, the project will promote climate-smart agricultural value chains and improve the services of agricultural cooperatives to their members,” the statement said. — Marifi S. Jara

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



The National Government’s outstanding debt reached a record P13.75 trillion as of end-February. — REUTERS/THOMAS WHITE/ILLUSTRATION By Keisha B. Ta-asan, Reporter THE NATIONAL Government’s...


Laborers work at a construction site in Manila, Philippines, Nov. 17, 2016. — REUTERS/CZAR DANCEL STATE SPENDING on infrastructure rose by 13.4% in 2022,...


A view of Metro Manila. — PHILIPPINE STAR/WALTER BOLLOZOS BUSINESSES NOW have a more optimistic economic outlook this year, amid a return to pre-pandemic...


SEVERAL former government officials are opposing the plan to merge Landbank of the Philippines (LANDBANK) with the Development Bank of the Philippines (DBP), saying...


MONDE NISSIN CORP. suffered a net loss of P13.03 billion in 2022, a reversal of its P3.12-billion net income a year earlier, due to...


THE 68-MW “Garcia 2” Solar Project, located in the municipality of Currimao in Ilocos Norte. — VENAENERGY.COM MGEN RENEWABLE Energy, Inc. (MGreen) is keen...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.