Bukidnon Integrated Area Development Project

The financial impact of projects on local governments needs to be carefully assessed. It seems clear in retrospect that the province could never have been expected to meet the financial requirements of the project—to invest $12 million of its own resources, and to pay high interest on $14 million borrowed from Mindanao Development Fund. The lesson from this is that, unless viable options can be found for funding local investments, a project should not proceed.