Executive will allocate 40 million pesos for local economic development projects

The Planning and Budget Office (OPP) opened a call to finance up to 19 local economic development projects presented by departmental governments and up to 60 led by municipalities.

The objective is to generate employment and promote coordination between public and private actors throughout the territory, said the coordinator of Decentralization and Cohesion, María de Lima.

De Lima reported that the Territorial Economic Development Initiatives Program seeks to promote productive projects throughout the country, as a way to generate jobs and involve private actors in territorial public planning.

The objective is to promote innovation in the value chains of production systems, he said. “We are focusing on generating a program of both local and departmental suppliers and also involving and inserting small entrepreneurs, family production, into the productive system that exists in the department,” he added.

The OPP will finance up to 19 projects presented by departmental governments, with a maximum amount of 1.5 million pesos for each one. In the case of municipalities, up to 60 initiatives will be financed, with a limit amount of 200,000 pesos each. In both cases, the proposals must contemplate a counterpart from the local public actor and a contribution from private actors.

The projects of the municipalities must be aimed at promoting and strengthening the value chains of productive sectors in the territory. The municipalities must promote employment opportunities. The execution will take place in 2023 and 2024, but the idea is to keep them, he said.

The communes may present proposals until June 16 and the municipalities until July 17. This is the second edition of the program and there are already projects underway from the previous edition, reported De Lima.

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