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Economic Team, Bangko Sentral hold briefing on post-disaster rehabilitation

LAOAG CITY – The Economic Team and the Bangko Sentral ng Pilipinas (BSP) recently held here a briefing focused on post-disaster rehabilitation of affected areas in the region to enable them to bounce back from the devastation inflicted by Typhoon Pepeng.

The briefing which was held at the Sierra Madre Ballroom of Fort Ilocandia Hotel here on December 10, 2009 was attended by industry and business leaders and select key local government officials.

The Economic Team is comprised of the Secretaries of the Department of Finance, Department of Budget and Management (DBM), Department of Trade and Industry (DTI), Department of Agriculture (DA), Department of Energy (DOE) and the National Economic and Development Authority (NEDA).

Finance Secretary Margarito Teves, who is also the Chairman of the Special National Public Reconstruction Commission (SNPRC) was represented by SNPRC Secretary Ricardo Saludo who as SNPRC Secretary, is responsible for coordinating reconstruction and recovery funding and projects for calamities in Luzon and Panay Islands.

BSP Department of Economic Statistics Acting Deputy Director Jose Ernesto Gonzales spoke on the impact of calamities on BSP sectors and the measures undertakenl by the Bank in support of rehabilitation. Meanwhile, NEDA Regional Director Leonardo Quitos Jr. focused on the regional growth outlook and the plans to rehabilitate the region.

“This is part of the government’s efforts to convey to the people that it has a concrete plan to rehabilitate affected areas to enable them to bounce back following the aftermath of the typhoons,” IRO Executive Director Claro Fernandez said. He added that the briefing was a good venue for the Region I business community to interact and raise their concerns directly to the Economic Team.

Laoag City is the fourth of seven cities that the Economic Team and BSP officials have visited over the course of the month as part of the government’s efforts to share with local business communities how it is addressing challenges arising from the recent calamities and discussed plans and programs for the remaining six months of the administration. The delegation has been to Dagupan, Baguio and Laguna. They will also visit Clark, Cebu and Davao.#