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PRESS RELEASE

World Bank Statement on the Signing of the Framework Agreement by the Government of the Philippines and Moro Islamic Liberation Front

October 15, 2012

MANILA, OCTOBER 15, 2012—The World Bank welcomes the signing of the Framework Agreement by President Aquino and the Moro Islamic Liberation Front (MILF). The agreement marks an important step toward achieving peace, security and development that will benefit all Filipinos.

Much work remains to be done to turn the Framework Agreement into a final Peace Agreement and, more importantly, to translate it into security and prosperity for the people of Mindanao, particularly the Bangsamoro. The World Bank – together with other international development partners– has been supporting peace and development in Mindanao for many years. The World Bank stands ready to work with the Government, MILF and other sectors of Philippine society to intensify our efforts to improve the lives of many Filipinos, particularly the poor in Mindanao, and help build the momentum for lasting peace and inclusive growth.

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PRESS RELEASE NO:
13/04