TO SHIELD CV FROM CRISIS: Economic resiliency action plan pushed

<b><font color="red">COTTAGE INDUSTRY.</font></b> A blacksmith uses an old-fashioned blast furnace to heat and harden the metal used in making balisong in Barangay Basak, San Nicolas, Cebu City. The art of balisong-making has been perfected and becomes the means of livelihood for most local residents in the barangay. <b>Photo by Sammy Yncierto</b>
COTTAGE INDUSTRY. A blacksmith uses an old-fashioned blast furnace to heat and harden the metal used in making balisong in Barangay Basak, San Nicolas, Cebu City. The art of balisong-making has been perfected and becomes the means of livelihood for most local residents in the barangay. Photo by Sammy Yncierto
By CHRISTIAN WAKEFIELD
Reporter

TO protect Central Visayas from the ill-effects of the global economic slowdown and to prepare the region for the eventual economic rebound, the Regional Development Council (RDC) 7 pushed for the preparation of the economic resiliency plan (ERP) that will be implemented this year.

Although programs, activities, and projects (PAPs) have already been implemented in the region, the RDC 7 saw the need of coordinated efforts among implementing government agencies in fighting off the effects of the global crisis, otherwise, the region will not fully benefit from the intended outcomes of the ERP.

“The absence of the coordinating entity and / or mechanism at the regional level may result in the region not fully benefiting from the intended outcomes of the ERPs,” said the resolution approved during the RDC 7 Full Council Meeting at the Siquijor State College in Larena, Siquijor.

The Central Visayas Action Plan shall integrate all the PAPs to be implemented in the region by the government agencies, the private sector in partnership with the government, and the members of Congress with funding from their priority development assistant fund.

The Action Plan, the RDC 7 said, will serve as the basis for the efficient, effective, and highly coordinated implementation and monitoring of all the PAPs in Central Visayas.

The RDC 7 immediate directed all concerned agencies and organizations to the council the details of their respective specific PAPs that will be implemented in Central Visayas in 2009.

The implementation of the PAPs will be monitored by the RDC 7 on a quarterly basis.

“The RDC shall ensure greater transparency and accountability in the implementation of the PAPs in the region,” said the approved resolution.

The CV Action Plan was proposed as the RDC 7 noted how the country’s sound macroeconomic fundamentals have cushioned the Philippines from the full impact of the global economic downturn.

“Inasmuch as the Central Visayas also needs to be protected from the ill-effects of the global economic slowdown, the ERP policies and strategies have to be elaborated at the regional and local levels,” said the council resolution.

The Action Plan will be implemented by regional line agencies, government-owned and controlled corporations, government financial institutions, state universities and colleges, local government units, the private sector, and the fifteen members of the House of
Representatives.

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