NETHERLANDS ASSISTANCE PROGRAMS
FOR DEVELOPMENT PROJECTS IN THE PHILIPPINES
SUBSIDIES
Dutch companies and institutions involved in development projects in selected developing countries are eligible to receive subsidies or grants under several business incentive instruments. The following programs provide such subsidies to projects in the Philippines.
(1) PESP- Program for Economic Cooperation Projects. This is open to consortia of Dutch and Philippine companies that are involved in activities leading up to export transactions from the Netherlands.
The activities may be feasibility studies (but not market research for individual companies), project identification and investment preparation studies. The program grants a maximum of 66.67% of the estimated cost, but not more than € 140,000.
This program is administered by EVD (formerly Senter Internationaal), the Agency for International Business and Cooperation of the Ministry of Economic Affairs.
(2) PSOM- Emerging Markets Cooperation Program. This is open to consortia of Dutch company and Philippine counterparts that are involved in poverty-alleviation pilot projects which would lead to follow-up investments.
The financial feasibility of the project should be that it could not be financed by commercial banks. The contribution of PSOM to the project is a maximum of 50% of the project cost, but not more than €500,000. This program is also administered by EVD.
(3) ORET – Development-related Export Transactions Program (includes MILLIEV -Environment and Economic Self-sufficiency Program) This is open to Dutch companies which intend to undertake projects in the Philippines which are considered commercially non-viable by OECD standards.
The main aim is to stimulate commercial activity and enhance job opportunities and at the same time increase Dutch exports to the beneficiary country. The program grants a maximum of 35% of the estimated cost of the project, but not more than € 45 million.
This is administered by FMO, the Netherlands Development Finance Company, in coordination with the Ministry of Foreign Affairs - Dutch Embassy.
(4) FMO – Netherlands Development Finance Company. This is the Netherlands’ international development bank. It primarily provides soft loans to business projects in developing countries. It also participates in equity investments in commercial undertakings, in cooperation with other foreign development banks. It has a subsidiary known as NIO – Netherlands Investment Bank for Developing Countries.
In addition to ORET, FMO also administers special assistance programs for developing countries. Dutch companies in the Philippines are eligible for grants under the following programs:
(a) IPTA – Investment Promotion and Technical Assistance. This program provides short-term support to investment promotion activities such as feasibility studies, job-related training and temporary management. The grant covers 50% of the cost, with a maximum of € 275,000.
(b) TAEM – Technical Assistance Emerging Markets. This program subsidizes management support and/or training to Dutch SMEs making a sustainable but risk-bearing investment in a developing country. The grant covers 50% of the cost, with a maximum of € 275,000.
OTHER ASSISTANCE SERVICES
(1) PUM – Netherlands Senior Experts. This program provides Dutch technical experts for business projects in developing countries. These experts are usually retired management executives who volunteer as consultants without pay. PUM pays for the international transportation, and the local companies are expected to shoulder the accommodation and daily food allowance.
(2) CBI – Center for Promotion of Imports from Developing Countries. This agency sends consultants to assist business projects in developing countries.
CBI also conducts business training courses in Rotterdam. The cost of travel and lodging of businessmen and staff of business support organizations from the Philippines are shouldered by CBI. CBI also sponsors the participation of exporters in certain European trade fairs.
CONTACT ADDRESSES
FMO - Netherlands Development Finance Company
Anna van Saksenlaan 71
2509 AB Den Haag
Tel. 00-31-70 / 314-9696 Fax. 00-31-70 / 324-6187
e-mail:info@fmo.nl
web:www.fmo.nl
EVD – Agency for International Business and Cooperation
(formerly Senter Internationaal)
Juliana van Stolberglaan 3
2509 AC Den Haag
Tel. 00-31-70 / 373-5000 Fax 00-31-70 / 373-5100
web: www.evd.nl
e-mail: info@evd.nl
PUM – Netherlands Senior Experts
(formerly the Netherlands Management Cooperation Program, NMCP)
Bezuidenhoutseweg 12
Den Haag
Tel. +31 70 349 05 55 Fax +31 70 349 05 90
e-mail: info@pum.nl
web: www.pum.nl
CBI- Center for Promotion of Imports from Developing Countries
5th Floor, World Trade Center - Beursgebouw
Beursplein 37
3011 AA Rotterdam
Tel. 00-31-10 / 201-3434 Fax 00-31-10 / 411-4081
web: www.cbi.nl
email: cbi@cbi.nl |
