Top officials of the European Union (EU) and the National Economic Development Authority (NEDA) on Thursday signed an agreement setting out the indicative priorities for EU’s development cooperation for the Philippines for the period 2011 to 2013.
Signatories were NEDA Director-General Cayetano Paderanga and EU Ambassador Alistair MacDonald. Signing ceremonies were held at the NEDA main office in Pasig City.
Paderanga said “this Memorandum of Understanding between the Philippines and the EU will be an integral part of the Philippines’ progress towards achieving its development goals under the Aquino Administration.”
“The focus of the assistance in areas of social services, in particular health and governance, has strategic significance, especially as the Philippine government moves forward in its objectives of inclusive growth, job creation and poverty reduction,” Paderanga said.
For his part, MacDonald said “the increased funding foreseen for this next programming cycle reaffirms the European Union’s commitment to help the Philippines in its fight against poverty and efforts to achieve the Millennium Development Goals.”
The Ambassador noted that the € 69.0 million (approximately P4.1 billion) in grant funding foreseen under the 2011-13 program represents a 50 percent increase in the annual allocation, compared to the previous programming period (2007-10), € 23 million vs. € 15.15 million per year.