STEAG and DEG to launch Public-Private Partnership (PPP) Project EMPOWERING with ASSIST

15 09 2011

STEAG State Power Inc. and DEG along with the Asia Society for Social Improvement and Sustainable Transformation (ASSIST) and other partners are set to launch Project EMPOWERING: or Project Enhanced Monitoring System on poverty watch for a more Effective and Responsive Approach in Governance.

The project will focus on updating the database and information system of the Planning Offices of Misamis Oriental and Cagayan de Oro City. Six (6) municipalities from Misamis Oriental will be piloted for Community-Based Monitoring System (CBMS) implementation considering its strategic importance to the industrialization and eco-tourism potential of Northern Mindanao, and where the private sector collaboration on poverty reduction initiatives is quite limited.

The program will be held on September 19, 2011, 10am at the Grand Caprice Restaurant in Limketkai Center, Cagayan de Oro City.

Dr. Bodo Goerlich, President and CEO of STEAG will be present to acknowledge guests and participants, while Ma. Teresa R. Alegrio, Community Relations Manager of STEAG will discuss the project overview.

Project EMPOWERING is jointly funded by STEAG and DEG.

DEG is a member of the KfW Bankengruppe (KfW banking group), which finances investments of private companies in developing and transition countries. As one of Europe’s largest development finance institutions, it promotes private business structures to contribute to sustainable economic growth and improved living conditions.

ASSIST is one of the program partners, along with the Department of the Interior and Local Government; CBMS Network Coordinating Team; Xavier University; and the LGUs of Misamis Oriental, Cagayan de Oro City, Laguindingan, El Salvador, Opol, Tagoloan, Jasaan and Medina.

For this initiative, ASSIST is responsible for concept development, quality management, collaterals development, monitoring of data gathering process and facilitation of training and development of case studies. #


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