The progress of building a “Matuwid na Daan” that was promised by President Ninoy Aquino, or P-Noy, had been quite sluggish for quite some time now, which is a bad sign according to Neda (National Economic and Development Authority) director general Solita Monsod.
The progress of building a “Matuwid na Daan” that was promised by President Ninoy Aquino, or P-Noy, had been quite sluggish for quite some time now, which is a bad sign according to Neda (National Economic and Development Authority) director general Solita Monsod.
From the PPP to ODA Route
The PPP, or the Public-Private Partnership, which was P-Noy’s flagship program since he started to sit as the head of the country, had been re-written and was pushed aside to give way into yet another program which is the Official Development Program or the ODA.
The Public-Private Partnership, or simply known as the PPP, is a program in which a government program or private business is funded and operated through a partnership of government and one or more private sector companies.
According to current events in Philippines, at the Makati Business Club, many investors were waiting for Manuel Roxas II to discuss the many facts about the PPP, but were surprised that the program was scratched to give way to another, but similar, program which is the ODA.
The ODA or Official Development Assistance is a program in which the government will seek outside help, normally through foreign donors, to fund the government’s infrastructure projects. Only when it’s completed that investors may invest on that project.
Slow Progress due to Slow Decisions
According to Monsod, both programs are good, her only concern is that projects are taking too long to be finalized due to these delays.
“What happened to the projects that were ready?” Monsod asked. “What the hell is this? What are they looking for? If they’re looking for the perfect project, it’s not going to happen.”
However, according to her, Neda had already foreseen this before it happened through “leading indicators”, such as the President’s limited experience as a “conductor” of the large executive branch. This can be easily remedied, according to Makati Business Club chairman, Ramon del Rosario Jr, by having the best advice from the best Cabinet members and advisers.
“The economic managers have a lot more flexibility to do the things they do as long as they stay within the parameters set by the President,” Del Rosario said.
However, according to current events in Philippines, things are still not too late, that everything can still be saved. What it needs, however, is haste in the decision of which program will be chosen to get all of these started.
No comments:
Post a Comment