The National Economic and Development Authority (NEDA) is supporting a development strategy for Mindanao that could spur economic growth in the area for the next 10 years.
The Mindanao Strategic Development Framework outlines the directions and strategies that maximize the resources and potentials of the region for 2010 to 2020.
Socioeconomic Planning Sec. and NEDA Director-General Cayetano Paderanga, Jr. have already endorsed the framework to Malacañang.
The framework pushes for the development of sustainable resource-based industrialization, improvement of employment generation, and establishment of efficient logistics support.
Potential markets for the region includes agro-industry, halal industry, eco-tourism, renewable energy, mineral resources, and information and communication technologies.
Moreover, it stresses the need to have effective peace building strategies, and strong governance and partnership with the private sector. This involves multilevel participation of different stakeholders for an
inclusive peace process, which is one of the priority concerns of the new administration
NEDA envisions Mindanao to be strong, sustainable, competitive, and a resource-based economy that is responsive to local and global opportunities by 2020 even as it recognizes the challenges on poverty, conflict, economic and physical linkages and governance.
The Mindanao NEDA Regional Offices and the ARMM-Regional Planning and Development Office led the creation of the framework. It was endorsed by all the Regional Development Councils of Mindanao and the Regional Economic Development and Planning Board of the Autonomous Region of Muslim Mindanao