August 16, 2019
SEN. Maria Lourdes Nancy Binay has urged her colleagues in the Senate to review the Official Development Assistance (ODA) Program amid delays leading to increasing commitment fees.
The ODA is a loan or a grant intended for development projects contracted from countries with which the Philippines has diplomatic ties, or are members of the United Nations.
Binay filed Senate Resolution 27 in reaction to reports on the delay or non-implementation of projects funded through the ODA.
A report from the Commission on Audit (CoA) for 2018 enumerated the reasons for the delays, such as an inefficient procurement process, delayed approval and release of funds, and unreasonable work plan.
According to the CoA, the government has entered into 472 ODA loan agreements broken down to 395 project loans and 77 program loans that accumulated a gross loan commitment amounting to P2.42 trillion as of December 2018.
Binay emphasized it was necessary to review the ODA Program to spare the government from additional and unnecessary loans, credits and indebtedness to foreign countries.
She added that projects funded by the ODA must also be reviewed in order to ensure efficient implementation and completion on time.
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