General Santos City - Moro women leaders lauded the Government of the Philippines (GPH) and Moro Islamic Liberation Front (MILF) for forging a wealth-sharing agreement during the recently concluded peace talks in Kuala Lumpur, Malaysia.
Baibon D. Sangid, chairperson of Young Moro Professionals Network (YMPN), said the wealth-sharing scheme will definitely spur economic development in Mindanao, where the Bangsamoro government will likely get a 75 percent share from the collected taxes, while the remaining 25 percent will be remitted to the national government.
"We are pleased that the government panel agreed to the wealth-sharing agreement at 75 percent in favor of the Bangsamoro, and 25 percent to the national government," Sangid said.
Under the Framework Agreement on the Bangsamoro (FAB), the Bangsamoro is the new political entity that will replace the Autonomous Region in Muslim Mindanao (ARMM) by 2016.
The new political entity will also get 100 percent revenue share for exploration, development, and utilization of non-metallic minerals, while it will get 75 percent share for metallic resources.
However, for fossil fuel, there will be an equal sharing.
Sangid said the agreed ratio is the government's modest and sincere effort to propel development in the Moro communities.
She also lauded the MILF panel for its unwavering efforts to negotiate and demand economic justice for the Bangsamoro people.
"To correct historical injustice, and build confidence for the leadership in the Bangsamoro, the provisions in the wealth-sharing annex are truly a welcome development," said Zuraida Anayatin, convener of Mothers for Peace in General Santos City.
She commended both panels, which had gone through a tedious process before arriving at a consensus on the wealth-sharing agreement.