Signing of the Intergovernmental Fiscal Policy Board (IFPB) Guidelines on Official Development Assistance (ODA) Loans to the BARMM

  • Post category:Speeches

Ralph G. Recto
Secretary of Finance

September 3, 2024

Minister Ubaida Pacasem; fellow Cabinet Secretaries; representatives from the Bangsamoro Government: Muli, magandang umaga po.

First of all, I thank the Bangsamoro Planning and Development Authority for its hard work in putting together this very crucial document that will help support BARMM’s inclusive development.

Maraming salamat po sa inyong sipag at dedikasyon.

With these ODA guidelines, we are equipping the BARMM with the tools needed to shape its future and write its own success story.

This document sets in motion the Bangsamoro Government’s future ODA projects that will help realize the dreams and aspirations of the Bangsamoro people.

This unlocks limitless opportunities for the BARMM—from infrastructure development to socioeconomic programs that create jobs, boost incomes, and lift communities out of poverty.

Beyond financing, this will provide the BARMM with access to knowledge, technology transfers, capacity-building, and a wealth of experience from experts and development partners around the world.

We, in the DOF, have full confidence that the Bangsamoro Government will leverage these opportunities wisely.

And we trust that you will strategically harness concessional ODAs effectively and manage partnerships with prudence and foresight.

In all these endeavors, rest assured that the DOF is your steadfast ally. Makakaasa po kayo sa aming tulong sa lahat ng inyong hakbangin. Nandito po kami, laging handang gumabay at sumuporta sa inyo.

We will stand with you, every step of the way, to achieve fiscal sustainability and meaningful autonomy in the Bangsamoro region.

Muli, maraming salamat po. Mabuhay ang BARMM, mabuhay ang Bagong Pilipinas!

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