The Philippines remains a priority recipient of Spain’s official development assistance, the Spanish ambassador to the Asian nation said March 30, but noted that future allocation of Spanish ODA will depend on the donor country’s economic recovery.
“The Philippines will continue to be the priority in Asia for our cooperation for development but that will depend on economic situation because we are going through financial strain, but we maintain the Philippines as the priority,” Jorge Domecq said in a business forum in Makati, Philippines.
Spain, which has been reeling from financial and economic woes, is feared to follow Greece and Ireland in securing a bailout deal from the European Union and International Monetary Fund.
Focus sectors of Spain’s ODA to the Philippines for the period 2011-2014 will be determined once the Philippine government has unveiled its medium-term development plan, Domecq said.
“We will be sitting down and determine the main sectors that we are going to concentrate our efforts in the next four years,” he said, adding that possible sector priorities include local and regional governance, education, health, livelihood, ecotourism, and the peace process in Mindanao.
Domecq said Spain is the fifth largest donor to the Philippines, allocating €86 million ($121 million) in the last three years, local daily Manila Bulletin reports.
Read more development aid news.