MinDA, Dinagat Islands Forge Partnership to Boost Economic Development
MinDA, Dinagat Islands Forge Partnership to Boost Economic Development
In a significant move to spur economic growth, the Mindanao Development Authority (MinDA) and the Provincial Government of Dinagat Islands signed a Memorandum of Cooperation (MoC) on Thursday, aiming to establish Economic Zones (EZs) in the province. This initiative is designed to attract local and foreign investments, create jobs, and alleviate poverty in the region.

The MoC, signed by MinDA Chairperson Secretary Leo Tereso A. Magno and Governor Nilo P. Demerey Jr., focuses on technical assistance, capacity building, and information exchange. 

This collaboration supports MinDA's Mindanao Agenda 2022-2028, emphasizing sustainable development and economic integration within the ASEAN region.

Governor Demerey highlighted the "i2 FAME" strategy, which targets innovation and industrialization in the fisheries, agroforestry, mining, and ecotourism sectors. 

"Our goal is to transform the Dinagat Islands into a vibrant hub of economic activity and sustainable development," he stated.

Secretary Magno emphasized MinDA’s role in coordinating efforts and promoting investments aligned with national development goals. 

“This MoC marks a critical milestone in Dinagat Islands' journey towards socio-economic development, leveraging strategic partnerships and integrated planning to uplift the region,” Magno said.

Under their joint undertakings, MinDA and the Provincial Government will provide technical assistance and establish coordination and linkage mechanisms through the MinDA-Dinagat Islands Technical Working Group. This group will oversee the overall planning, development, and implementation of the Dinagat Islands EZs, as well as conduct capacity-building and policy-related activities necessary for their establishment.

Additionally, both parties will provide and exchange information crucial to the development of the Dinagat Islands EZs, ensuring a collaborative approach to fostering economic growth in the region.

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