𝗘𝗖𝗢𝗡𝗢𝗠𝗜𝗖 𝗗𝗘𝗩𝗘𝗟𝗢𝗣𝗠𝗘𝗡𝗧 𝗖𝗢𝗠𝗠𝗜𝗧𝗧𝗘𝗘 𝗛𝗢𝗟𝗗𝗦 𝗧𝗛𝗜𝗥𝗗 𝗥𝗘𝗚𝗨𝗟𝗔𝗥 𝗠𝗘𝗘𝗧𝗜𝗡𝗚

COTABATO CITY – On May 31, 2024, the Economic Development Committee, chaired by MAFAR Minister Mohammad S. Yacob and co-chaired by BPDA Director General Engr. Mohajirin T. Ali, MNSA, convened for its third regular meeting to address key issues and concerns impacting the economic development of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). The meeting was presided over by MAFAR Director Ismael Guiamel, together with Rohanisah Rashid, BPDA’s Chief of Economic Planning Division.

The meeting highlighted the committee’s review and adoption of the final draft of the 2nd Bangsamoro Development Plan’s (BDP) Result Matrix and the draft Bangsamoro Development Report (BDR) 2023 of the Economic Sector. The committee’s member ministries, offices, and agencies were reminded to submit their final vetting on the 2nd BDP Result Matrix and the BDR 2023 of the Economic Sector by the first week of June 2024.

Zarinah S. Aligsao, head of the Bangko Sentral ng Pilipinas (BSP) – Cotabato Branch, provided updates on regional initiatives, including the PalengQR Ph, the adoption of digital payments for government transactions, financial literacy programs, and the Credit Surety Fund (CSF). She also elaborated on the Financial Consumer Protection Act, a legislative policy designed to safeguard the interests of consumers of financial products and services.

Meanwhile, Edward Donald F. Eloja, Chief of the Statistical Operation and Coordination Division of the Philippine Statistics Authority (PSA-BARMM), discussed the 2023 Economic Performance of BARMM. He also shared an overview of the Philippine Standard Industrial Classification Code, and updates on the Philippine Standard Geographical Code. The PSA-BARMM offered a link to their presentation for the committee’s further reference. (𝙈𝙖𝙧𝙮 𝙇𝙤𝙫𝙚𝙡𝙡𝙖 𝙇𝙖𝙤 𝙇𝙖𝙨𝙩𝙞𝙢𝙤𝙨𝙖 𝙬𝙞𝙩𝙝 𝙧𝙚𝙥𝙤𝙧𝙩𝙨 𝙛𝙧𝙤𝙢 𝙍𝙚𝙞𝙣𝙖 𝙈𝙖𝙡𝙖 / 𝘽𝙋𝘿𝘼-𝘽𝘼𝙍𝙈𝙈)