Canada to provide P178M to Bangsamoro dev’t fund - BusinessWorld Online

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Canada to provide P178M to Bangsamoro dev’t fund - BusinessWorld Online
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The government of Canada will contribute about P178 million to a sustainable development project in the Bangsamoro Autonomous Region in Muslim Mindanao. READ:

In a document dated March 7, the World Bank said Canada will provide the equivalent of $4.38 million in Canadian dollars for the Bangsamoro Normalization Multi-Donor Trust Fund over the next three years.

Canada will make five deposits between March 31, 2022 and June 30, 2025. The first installment at the end of this month was the equivalent of $2.75 million in Canadian dollars. The trust fund aims to help former Moro Islamic Liberation Front combatants and redevelop six previous MILF camps into “peaceful and productive communities.”

It will also finance impact assessments on the normalization process and provide technical assistance and training to government agencies involved in the process.

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