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Bacolod City, Philippines Friday, May 30, 2014
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MOU for investments
inked in San Carlos

The City Government of San Carlos recently signed a Memorandum of Understanding with Project I4J aimed strengthening the mechanism in business and investment procedures of the city.

The MOU was signed by Mayor Gerardo Valmayor, Jr. and Dr. Peter Koeppinger, Project Director of Partnerships for Integrity and Jobs Consortium at the San Carlos City Hall.

Project I4J which started in January 2014, is co-founded by the European Union and the German Ministry for Economic Cooperation and Development through Konrad Adenauer Stiftung that would contribute to the reduction of poverty in the Philippines through integrity and the sustainable creation of jobs.

The MOU further cited the role of the local government units as key players for clean administrative procedures into the Integrity Initiative set up by the European Chamber of Commerce of the Philippines and the Makati Business Club.

It provides a sustainable network for self-obligation and monitoring of transparent and uncorrupt structures and procedures; and, aims to create models of transparent, effective small business and investment registration and promotion procedures and disseminate them.

San Carlos City Legal Officer Chat Delima, the local focal person of Project I4J, said nine local government units are already part of this project.

There are three in Luzon, three in the Visayas, including San Carlos City, and three in the Mindanao area.

The three-year contract for the MOU took effect on May 21, 2014 and will terminate December 31, 2016.*

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