Eastern Visayas needs P430-B investment in the next 5 years

investment cover

TACLOBAN CITY — Eastern Visayas region needs at least P43o Billion investments for priority activities under the draft 2017-2022 Regional Development Investment PRogram (RDIP).

The funding initially listed by officials from the government and private sector is still waiting for the approval by the Regional Development Council (RDC) in its third quarter meeting this September 29.

The RDIP has a list and brief profile of programs and projects of agency regional offices and state universities and colleges in support of strategies outlined in the Regional Development Plan (RDP).

It has also proposed  list of activities for the six provincial governments in the region for Official Development Assistance funding and implementation by the central government.

On Thursday, NEDA Eastern Visayas Regional Director Bonifacio Uy said that the projects and activities in the RDIP will concretize the strategies in the main RDP. It hs 15 key strategies meant to reduce poverty and sustain economic growth.

The 15 plans of action are the following:

  • Science And Technology
  • InnovationsReducing Inequality In Opportunities In Human Development
  • Accelerating Infrastructure Development
  • Promoting Regional Competitiveness
  • Reaching For The Demographic Dividend
  • Promoting Eastern Visayas Culture And Values Formation Expanding Economic Opportunities In Farming And Fisheries
  • Other Strategies Are Enhancing Peace
  • Security, Public Order, And Justice Administration
  • Enhancing Disaster Risk Reduction And Climate Change Adaptation And Mitigation
  • Enhancing Good Governance
  • Building Resiliency Of Individuals And Families
  • Expanding Economic Opportunities In Industry
  • Maintaining Ecological Integrity And A Clean And Healthy Environment
  • Providing An Enabling And Supportive Macroeconomic Environment
  • Expanding Economic Opportunities In Services

The RDP serves as the framework for the region’s development direction. It is anchored on the Sustainable Development Goals, the Long-Term Vision of Filipinos or “Ambisyon Natin 2040,” and President Duterte’s 0+10 Point Socioeconomic Agenda.

Eastern Visayas aims to achieve  5.2 percent to 5.7 percent economic growth in 2017.

The average target for 2018 to 2022 is 5.8 percent to 7.0 percent. Last 2015, the region posted a remarkable growth of 3.9 percent in the Gross Regional Domestic Product (GRDP) due to massive post-Yolanda reconstruction activities.

The last 2015 performance was a “significant turnaround” after the region acquired a 2.4 percent contraction in 2014, due to the super typhoon Yolanda.

Last 2012, the region suffered from a big dip in GRDP at negative 6.8 percent after a minimal 2.1 percent increase in 2011.

It was again followed by a big leap at 4.6 percent in 2013 due to the good economy before the super typhoon.

Last 2016, Eastern Visayas’ GRDP surged 12.4 percent, the highest among the 17 regions in the country.