Friday, November 14, 2008

Anti-poverty financing may be extended

published November 14, 2008 in Leyte Samar Daily Express, BusinessWorld and GMANews.tv

TACLOBAN CITY — Anti-poverty projects financed by the World Bank (WB) may be extended beyond their end-term in June 2009.

Andrew Parker, WB task team leader for the Kapit-Bisig Laban sa Kahirapan-Comprehensive and Integrated Delivery of Social Services project, said there are many unfinished activities in the program.

These include farm-to-market roads, hanging bridges, barangay schools and clinics, flood control, and water supply and sanitation facilities.

"The project started in 2003 and will end in June 2009. We still have many activities to implement. We also have arrangements where it is possible to extend if it’s necessary," Mr. Parker told Business World.

He said the World Bank has financed $70 million worth of projects in economically depressed areas nationwide.

The bank approved in 2002 a loan of $100 million for the anti-poverty program.

The implementing agency, Department of Social Welfare and Development, still has to complete various projects in more than 5,300 poor villages in 193 municipalities within 40 of the poorest provinces.

In Eastern Visayas, the project covers 848 barangays in the provinces of Leyte, Northern Samar, Samar, Eastern Samar and Biliran. — Sarwell Q. Meniano

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