UN commits US$375.7M assistance to Philippines

MANILA — The United Nations  has committed a US$ 375.7 million in development assistance to the Philippines over the next five years to finance projects under the Philippine Development Plan for 2011 to 2016.

Under the new UN Development Assistance Framework (UNDAF), US$ 147.2 million have been earmarked to strengthen capacities of national and local agencies to deliver quality social services for the poor; US$ 46.5 million to generate decent and productive employment through sustained and “green” growth; US$ 67.2 million to promote broad and local participation in governance; and about US$ 114.8 million to strengthen national and local resilience to climate change, threats, and disasters.
Of the total assistance, US$ 79 million will come from regular UN sources, while the rest will be mobilized from other sources.
The new UNDAF, which covers the period 2012 to 2018, is a statement of commitment by the UN to align the organization’s development initiatives with the Philippine Development Plan for 2011 to 2016, which is the national government’s blueprint for inclusive growth.