Canada Wants to Invest P519 Million in the Philippines
Canada has earmarked P519 million for the Philippines to fund projects aimed at sustainability, stability, and women empowerment, according to Canadian International Trade Minister Mary Ng, according to an ABS-CBN News report.
A large chunk of the fund or P130 million will be spent on projects that empower women. Canada will also support the Bangsamoro Normalization Trust Fund, allotting P194.8 million for the project.
The two projects will be done in partnership with the World Bank and the United Nations Development Program.
“Infrastructure for sure, clean technologies, energy, renewable energies, digital industries, those are the areas that I have heard from the Philippines," Ng said.
"I point to the Joint Economic Commission that we struck just a number of months ago alongside my ministerial colleague here. It is through that that mechanism I think will really help us determine those kinds of economic development opportunities that will work for the Philippines and will work for Canada," she added.