Latest Stories

DOF renews call to fast-track implementation of ODA projects


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.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Cesar V. Purisima , Department of Finance , government projects , ODA implementation , Philippines

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


  • 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.

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Drilon denies involvement in pork scam
  • Complex health care system for California’s elderly and poor explained
  • Malang the croc must regain strength before return to swamp, says mayor
  • Palace: Lacson’s version of Napoles testimony to be evaluated
  • Scientists eye iceberg bigger than Guam
  • Sports

  • Promoters Dela Hoya, Arum in talks for Pacquiao-Alvarez—report
  • Benzema guides Madrid to 1-0 win over Bayern
  • Suns’ Goran Dragic win NBA’s Most Improved Player award
  • Heat go up 2-0, hold off Bobcats 101-97
  • Ronaldo shakes off injury fears to play Bayern
  • Lifestyle

  • Gongs and southern dances star in a workshop at San Francisco Bayanihan Center
  • This woman ate what?
  • Photos explore dynamics of youths’ sexual identity
  • 12th Philippine Food Expo set at the World Trade Center
  • No tourist draw, Malang the croc will remain wild
  • Entertainment

  • Smithsonian wants photos, videos for ‘Day in the Life of Asian Pacific Americans’
  • What Garcia Marquez left behind
  • Has Ai Ai fallen deeply with ‘sireno?’
  • Sony developing live-action Barbie comedy
  • California court won’t review Jackson doctor case
  • Business

  • Metro Pacific acquires stake in Victorias
  • How ‘one percent’ economic elite was uncovered
  • Facebook profits triple as mobile soars
  • Insular Honors Sales Performers at Testimonial Rites
  • Apple increases stock buyback, will split stock
  • Technology

  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • Obama to visit Filipino soldiers in Fort Bonifacio
  • Fil-Am youth conferences unite under one theme
  • Embassy advisory: Filipinos still need visas to enter US
  • No travel restriction to Mideast, DFA clarifies
  • PH-HK relations repaired, but families of victims still being courted
  • Marketplace