REFORMING ECONOMIC GOVERNANCE

10 May 2005

Representatives of the Australian government and the National Economic and Development Authority (NEDA) and the Department of Budget and Management (DBM) pose before the camera after the signing of an agreement which effectively puts in place the Australian government's five-year AU$30M Facility, which aims to strengthen government implementing agencies achieve the objectives of their reform agenda. Photo shows (from left to right) PEGR Facility Director Stephen Baker, Sagril Intl. General Manager Rene Schinkel, Department of Budget and Management Undersecretary Laura Pascua, AusAID Counselor Angus MacDonald, Socioeconomic Planning Secretary and NEDA Director-General Romulo L. Neri, Australian Embassy-Manila Ambassador Tony Hely, and NEDA OIC-Deputy Director General Nestor R. Mijares IV. The partnership is pursuant to the General Agreement on Development Cooperation (GADC) between the Philippines and Australia forged in October 1994. It also governs activities under the Philippines Australia Development Cooperation Program.