Asian Development Bank (ADB), an entity helping the government in its typhoon recovery efforts, has given up to $1 Billion in various forms of assistance. (Photo courtesy of ADB)

Eastern Visayas News – EV to achieve economic growth this year – NEDA

TACLOBAN NEWS — The National Economic Development Authority (NEDA) here is still optimistic that various development programs of the government will help accelerate economic recovery in Eastern Visayas.

“The implementation of infrastructure, livelihood, housing, and other rehabilitation and recovery projects in the region through the Office of the Presidential Assistance for Rehabilitation and Recovery give a positive outlook for the region’s economy this year”, disclosed NEDA director Bonifacio Uy.

Uy was referring to the anti-poverty programs of the national government worth more than P4 Billion. The local anti-poverty push will be placed under an expanded version of the KALAHI-CIDSS-National Community Driven Development Project of the Department of Social Welfare and 4Ps program.

Uy said that the local economy is expected to strengthen with the continued rehabilitation and reconstruction of government buildings, new infrastructure, permanent resettlement projects, and the building of new roads. Some of these development projects are being implemented together with non-government organisations.

Being given focus likewise are the agriculture production and abaca industry sector. “We want to attain a resilient, inclusive and sustained high growth path for the region,” said director Uy.

Around 8.8 million Filipinos including those from Eastern Visayas have rated themselves to having gone hungry or dirt poor in the last few months according to a recent independent survey by the Social Weather Station.