DAR plans to tap Marcos wealth to fund CARP
 Home
 About
 FAQs
 Documents
 Issues
 Press watch
 Comments

DAVAO CITY--Agrarian Reform Secretary Horacio Morales has said the department is planning to use government shares from the Marcos wealth and the Assets Privatization Trust (APT) to help fund the completion of the Comprehensive Agrarian Reform Program (CARP).

Morales said DAR needs an additional P60 billion, on top of CARP's remaining P50 billion budget, as the department has adopted new strategies for the completion of the program.

Morales told participants of DAR's Mindanao Group Assessment and Planning Conference at the Durian Hotel here that the department has already started talks with the Presidential Commission on Good Government (PCGG) regarding the proposals.

He said DAR is also looking at ways of acquiring other ill-gotten wealth of the Marcoses.

At least $500 million of the Marcos Swiss deposits is deposited in trust at the Philippine National Bank (PNB).

But the money is being claimed by the government, the Marcoses and the human rights claimants who won a class suit against the late dictator Ferdinand Marcos.

Morales said DAR faces potential problems in acquiring the Marcoses' wealth because PCGG's mandate is set to end next year.

He said the APT will also be expiring by the end of 1999. He said CARP will serve as the key in restructuring the country's rural economy by following the ''bottoms up and broad-based'' development principles.

He said these principles will also empower women and allow rural residents to participate in environmental management.

He said DAR's comprehensive rural development scheme will stress on social development, gender issues and social services, if necessary.

''These are some of the ideas where we are and where we are going,'' Morales told DAR regional directors, provincial agrarian reform officers and other officials in Mindanao who attended the forum.

Morales said the concept will be patterned after the principle of ''civic entrepreneurship'' which transformed the Silicon Valley in California into a vibrant economy after an American military based closed in the area.

But Morales said the concept will involve a comprehensive strategic planning with the beneficiaries, landowners, non-government organizations and the different government agencies.

He said the department aims to complete the implementation of program in four years or by 2002 as ordered by President Estrada.

Morales also said the Estrada administration views CARP as an alternative to President Ramos' Philippines 2000 industrialization program which focused on funding private initiatives.

He said the Ramos administration's industrialization program ''did not work'' as proven by the economic crisis currently gripping the country.

Jowel F. Canuday, PDI Mindanao Bureau

Philippine Daily Inquirer, August 24, 1998

[Home] [About] [FAQs] [Documents] [Issues] [Press watch] [Comments]