The Mindanao Development Authority (MinDA) will organize on Wednesday, March 31, a multi-agency council to address issues and problems which hamper Mindanao’s economic recovery.
Among the agencies to be involved in the Economic Recovery Facilitation Council are the Land Transportation Office (LTO) and the PNP Highway Patrol Group whose mobile highway checkpoints had caused the disruption of traffic, especially the travel of cargo trucks carrying vital commodities to the market.
The other vital institutions which would be included in the council are the Chambers of Commerce and Industry in Mindanao, Land Bank of the Philippines and the Development Bank of the Philippines.
The Chambers will provide a feedback mechanism which would bring up problems affecting Mindanao’s economy.
The LBP and DBP, both government financing institutions, will be engaged to ensure that the processing and release of loans for qualified small and medium enterprises would be facilitated.
The idea of easing up restrictive policies and operations was adopted by MinDA following the decision of the Malaysian government to lift the ban on the use of non-conventional vessels, specifically the Philippine wooden boats, from plying the route between Mindanao and the trading posts of Sabah.
The lifting followed representations made by MinDA and other government agencies who are part of the BIMP-EAGA for leniency on the imposition of the ban on wooden boats because it would adversely affect the economy of the Southern Islands, especially during the period of the Pandemic.
This compassionate move by fellow BIMP-EAGA members will greatly benefit the traders in the southern islands who for ages had been trading with their relatives based in Sabah.
It was because of this development and the hardships faced by truckers due to the seemingly unresolvable congestion at the Matnog Port in Sorsogon which causes severe disruption in the supply chain, that MinDA came up with the idea of forming the Economic Recovery Facilitation Council.
During the Face-to-Face and Virtual Meeting on March 31, restrictive policies which adversely affect the economic recovery of Mindanao will be addressed and resolved.
MinDA will also establish a 24/7 Command Center which would receive complaints and reports on activities which would hamper Mindanao’s capability to immediately rebuild its economy.
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(Photo downloaded from public websites.)
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