Foreword

   The Regional Development Report is an assessment of the implementation of the Bicol Updated Regional Development Plan approved by the Regional Development Council in 2007. 

 

   The region’s development programs were affected by domestic and global events in 2008 such as unusual climatic conditions, increasing prices of food and petroleum products, and the global financial crisis. 

 

  Nevertheless, the region posted positive economic growth albeit lower than the 7.7 percent growth rate in 2007.  The concerted efforts of national government agencies, local government units, and the private sector produced better accomplishments in 2008.

 

   These challenges will remain in 2009 so the government must cushion the impact of the global financial crisis by implementing the economic stimulus program and by providing direct assistance to the vulnerable sectors.

 

   I enjoin all regional stakeholders to optimize efforts towards the achievement of poverty reduction through effective and efficient delivery of social services, vigorous business investments, and adequate infrastructure support. 

 

Dios  mabalos!

 

 

 

 

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