DOF renews call to fast-track implementation of ODA projects

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MANILA, Philippines—The Department of Finance has renewed calls to simplify the processing of overseas development assistance (ODA) to hasten the implementation of covered projects.

Finance Secretary Cesar V. Purisima again brought this up as officials and decision makers gathered last week at the Philippine Development Forum held in Davao City.

Purisima said the board of the National Economic and Development Authority (Neda) had approved 60 projects worth some P568 billion since President Aquino assumed office.

He said that of these projects, half were under implementation, 23 were in the process of bidding and waiting for government clearances while the rest were under appraisal.

According to Neda, total net ODA commitment as of the third quarter of 2012 amounted to $8.83 billion.

“ODA from our development partners has been a major source of help for our country not just in terms of loans but in terms of grants and technical assistance,” Purisima said.

“We need to work and see how we can rationalize the process and fast-track the implementation of all ODA projects,” he added.

The DOF proposes that implementing agencies submit their projects to the Neda-Investment Coordinating Council without any financing commitments, and Neda-ICC will evaluate the project based on its economic benefits.

Then, if a project is deemed beneficial, the financing decision on whether to fund the project through locally sourced revenues or through ODA will be left with the DOF in coordination with the inter-agency Development Budget Coordinating Committee.

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  • http://profile.yahoo.com/AND7MQ5FERICDOIAUW56RYT45A tower_of_power

    THE GOVT MUST GO DIRECT TO THE BENEFICIARIES >>> DO NOT COURSE THRU PRIVATE BANKS >>>> SILA LANG ANG KUMIKITA >>> BESIDES >>> IT DEFEATS THE PURPOSE OF ODA!!!

  • http://pulse.yahoo.com/_AYITA5V33GYZSLC3G37UCVNTKA Ben

    Cut the red tape and or paperworks, computerize the national system, advertise the bidding, post online the bidders name, how much is the project, and their capacity to guarantee their work as insurance for example in mining in cases of rehabilitating the land or cleaning up if tailing dam burst and contaminating surrounding areas, allow on-line transactions to occur, do away with fixers, ask feedback and suggestions to the investors, may it be online, mail etc to the implementing agency heads or their higher ups to improve government efficiency and or productivity.

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