PCID lauds GPH, MILF for signing wealth sharing pact

July 17, 2013 11:50 pm 

MANILA, July 17 – The Philippine Center for Islam and Democracy (PCID) on Wednesday extended its congratulations to the negotiating panels of the Government of the Philippines (GPH) and the Moro Islamic Liberation Front (MILF) for the signing of the Annex on Revenue Generation and Wealth Sharing.

"We laud the panels’ steadfast resolve to achieve a compromise regarding such a contentious and important issue. PCID welcomes the signing of this annex as a step forward towards achieving lasting peace in Mindanao," it added.

The group hopes that this annex will strengthen the foundation for genuine fiscal autonomy for the Bangsamoro.

PCID believes that this signing of the annex will boost the people’s optimism that a final peace agreement is within reach, this year.

"Although challenges are in the horizon as talks about Power Sharing and Normalization are about to commence, PCID acknowledges that the signing of the Annex on Revenue Generation and Wealth Sharing is a good sign that both panels are committed towards achieving a just and fair agreement. PCID, however, sees that the annex is just an initial step towards fiscal autonomy and economic development in the Bangsamoro," it stressed.

PCID considers fiscal autonomy as an integral part of genuine autonomy but it also recognizes that achieving this would require fiscal responsibility from the people and their officials. (PNA)

DSP/PFN

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