Qatar Fund hopes to back BARMM development projects

      Published on Saturday, 4 January , 2020      120 Views     
Qatar Fund hopes to back BARMM development projects

THE Qatar government hopes to fund development projects in the Philippines focused on infrastructure, human capital development and assistance to the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

In a statement Friday, Finance Secretary Carlos G. Dominguez III said the Qatar Fund for Development (QFFD) has committed to provide assistance in these areas.

Mr. Dominguez said QFFD will likely help fund the government’s efforts to support BARMM, peace-building programs in the south, and strengthen Islamic banking. It will also support targeted sectors such as education, fisheries development, rural infrastructure development, health care, disaster risk reduction and management and the energy sector.

We are encouraging more investments in this region to improve the lives of its people in underserved island communities… I look forward to further working with you in achieving our shared goal of inclusive growth and the development of areas under the BARMM,” he told the QFFD delegation during a meeting in Manila last year.

QFFD is the Qatar government’s external development assistance organization for developing countries, backing economic and social development programs through loans, grants and technical assistance.

Mr. Dominguez added that the Philippines will consider further cooperation with Qatar on other possible investments and on sustainable development.

Samer Frangieh, a QFFD senior advisor, expressed interest in providing assistance to development projects in education and health care, expanding livelihood opportunities in fisheries and initiatives to bring former rebels back to the economic mainstream.

Mr. Frangieh said he will seek out other agencies in Qatar that could fund other BARMM projects not covered by QFFD’s mandate.

He added that Qatar could lend its expertise to the BARMM on disaster and risk managament and response to help the earthquake victims in North Cotabato’s 63 affected barangays.

We will be coming back with our work hat, not the thinking hat. We will put our words to action and hopefully we will be reaching out to the various departments we have networked to kind of indicate and insure that the priorities are properly set,” Mr. Frangieh was quoted as saying.

BARMM Interior Minister Naguib Sinarimbo said the regional government hopes to convert former rebel camps to “economic-producing areas.”

Finance Undersecretary Mark Dennis Y. C. Joven has been assigned to work on the framework agreement with the Qatar government “to ensure their seamless bilateral cooperation.”

Category Business, Government | 2020/01/04 latest update at 2:53 PM
Source : Internet | Photocredit : Google
Comments Add comment

Gulf Media

Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.

Amir leads National Sport Day celebrations Emir

Amir leads National Sport Day celebrations

His Highness the Amir Sheikh Tamim bin Hamad al-Thani participated in the activities of the Qatar National Sport…

Qatari Emir in Iran: ‘De-escalation’ the only way forward Emir

Qatari Emir in Iran: ‘De-escalation’ the only way forward

Qatar’s Emir Sheikh Tamim bin Hamad Al Thani said the only solution to rising tensions in the Middle…

Saudi king invites Qatar emir to Riyadh summit: Doha Emir

Saudi king invites Qatar emir to Riyadh summit: Doha

Saudi King Salman has invited Qatar’s emir to a meeting next week of the Gulf regional bloc in…

Only international actions can settle the world’s ‘enormous and diverse cross-border challenges’, Qatar tells UN Assembly Emir

Only international actions can settle the world’s ‘enormous and diverse cross-border challenges’, Qatar tells UN Assembly

Pointing to “the strategic importance of the Gulf region”, Sheikh Tamim Bin Hamad al-Thani Amir maintained that its stability warrants…


Popular in GULF TV

About DFI – Doha Film Institute Video


Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV


Qatar Events




Culture News



Science & Technology

Science & Technology


Government News