45 ODA-funded projects tagged problematic - NEDA
The Philippine Star|August 12, 2024
The National Economic and Development Authority (NEDA) has flagged 45 projects with official development assistance (ODA) funding as problematic amid delays from implementation challenges including rightof-way (ROW) acquisition issues.
LOUELLA DESIDERIO

In its 2023 ODA portfolio review report, the NEDA said 58 of the 77 ongoing Investment Coordination Committee (ICC)-approved ODA-funded projects were assessed as of the fourth quarter of last year based on the submitted progress reports provided by implementing agencies.

Of the 58 projects, 45 projects were tagged as actual problem projects, falling either under Level I, which is the early warning stage, or Level II, which is the critical stage due to persistent unresolved issues.

The NEDA also said 10 projects are at risk of becoming problematic by breaching one of the four indicator categories, while three projects were categorized as no problem projects.

Of the 45 problematic projects, 22 had been classified as such since 2021.

This story is from the August 12, 2024 edition of The Philippine Star.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the August 12, 2024 edition of The Philippine Star.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE PHILIPPINE STARView All
The Philippine Star

ALI ind'l unit heating up cold storage business

The industrial real estate unit of property giant Ayala Land Inc is heating up its cold storage business as it looks to become a major player in the segment over the next five years.

time-read
2 mins  |
September 17, 2024
The Philippine Star

Financial resources grow 10% as of July

The total resources of the country's financial system breached the P32-trillion level, posting a double-digit growth in the first seven months of the year, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

time-read
1 min  |
September 17, 2024
The Philippine Star

Gov't urged to assist online sellers in BIR registration

Online entrepreneurs should be given proper assistance to comply with Bureau of Internal Revenue (BIR) registration requirements as the tax agency starts a crackdown on unregistered entities, an advocacy group said.

time-read
1 min  |
September 17, 2024
The Philippine Star

FLI diversifies into condotels

Filinvest Land Inc.(FLI) is adding the condotel business in its diverse project portfolio with the acquisition of outstanding shares in Fora Services Inc. (FOSI).

time-read
1 min  |
September 17, 2024
The Philippine Star

Maya, Grab team up for instant credit

Digital lender Maya Bank has partnered with Grab Philippines to offer instant credit services among eligible users, boosting Filipinos' access to financial solutions while integrating more convenience into their daily lives.

time-read
2 mins  |
September 17, 2024
The Philippine Star

SMIC sees better H2 performance

Analysts see a stronger second half performance for the investment holding company of the Sy family.

time-read
1 min  |
September 17, 2024
The Philippine Star

SM Hotels taps TUV Rheinland for food safety, hygiene policies

SM Hotels and Conventions Corp.(SMHCC) has tapped testing service provider TUV Rheinland to ensure the highest standards of safety and quality for dining experiences.

time-read
1 min  |
September 17, 2024
The Philippine Star

Expanded regulatory power of GCG pushed

The Governance Commission on GOCCS (GCG) is expected to expand its regulatory powers once the 13-year-old law surrounding its mandate is amended.

time-read
1 min  |
September 17, 2024
The Philippine Star

Compliance woes stall Pag-IBIG home loan releases

The Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is facing challenges in the release of its housing loans, with only a little over 50 percent of the target reached as of August.

time-read
2 mins  |
September 17, 2024
The Philippine Star

Phl bond market slows in Q2

Philippine bond market growth moderated in the second quarter from the previous quarter due to lower government and corporate issuances, the Asian Development Bank (ADB) said.

time-read
1 min  |
September 17, 2024