National team head coach Francis Vicente. CONTRIBUTED PHOTOBIÑAN, Laguna—Philippine head coach Francis Vicente had a high vantage point as he watched his defensive ace Dawn Macandili claim the second Best Libero award in the AVC Asian Senior Women’s Volleyball Championship.And as the national mentor looked on, he immediately knew a perpetual volleyball program for the country can produce more players like Dawn Macandili.ADVERTISEMENT 2 nabbed in Bicol drug stings Filipino fans make Korea star Kim Yeon-koung feel at home View comments Vilma Santos, Luis Manzano warn public of fake account posing as her Albay to send off disaster response team to Batangas Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite LATEST STORIES “This is why we need to just trust on a continuous program for a national team,” said Vicente Thursday at Alonte Sports Arena.CONTRIBUTED PHOTOThe Philippines team for the AVC and the upcoming Southeast Asian Games was formed just few months before the grueling August stretch.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’Vicente added that other positions could also win individual awards in international tournaments and not just the Best Libero plum.“Let’s be patient, let’s support the national team,” said Vicente. “For me we should all be united and stop the crab mentality that we drag other players down.” Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ Sports Related Videospowered by AdSparcRead Next End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend Teen gunned down in Masbate Marcosian mode: Duterte threatens to arrest water execs ‘one night’ 787 earthquakes recorded in 24 hours due to restive Taal Volcano MOST READ 787 earthquakes recorded in 24 hours due to restive Taal Volcano Don’t miss out on the latest news and information.
…spending oil money to be guided by GSDS frameworkThe much-anticipated draft Sovereign Wealth Fund (SWF) policy, which has been with the Finance Ministry since early 2017, is expected to be presented to cabinet early next month, setting into motion the official establishment of the fund.This is according to Finance Minister Winston Jordan, who made this disclosure at a press conference on Friday. According to Jordan, the green paper (proposal) for the fund, renamed the Natural Resources Fund, is presently being finalised.Jordan also noted that the green paper seeks to determine how monies from the fund will be guided by the Government’s Green State Development Strategy (GSDS).The policy has been with the Finance Ministry since 2017The strategy, he said, contains 15 areas of development, in which context Government can conduct consultations.“That debate can be accelerated in the context of the Green State Development Strategy. The coalition Government’s blueprint is going to be the Green State Development Strategy: trying to put in place resilient infrastructure, trying to bridge the gaps, create additional towns and new spaces, and make Guyana green. That will require money,” he declared.“We can end up with a blueprint of what we want to do. During the annual budget exercise, there are widespread consultations, but to suggest that we need to call people together and sit around the campfire and determine how to spend this money, I don’t think anyone seriously could believe that there would be a model to push this country forward. We cannot discuss what we want to do with the oil money outside of a framework,” Jordan declared.GSDSWhen the GSDS was introduced, it was billed as a framework that would “build” on the Low Carbon Development Strategy (LCDS) designed by the previous administration to protect the environment while receiving financing.According to the framework document, a critical element will be the sustainable management of natural resources. In fact, one of the strategy’s goals is the mandatory reforestation of mining sites.The document stated that it will aim to “conserve an additional 2 million hectares through Guyana’s National Protected Area System, continuing to use its monitoring, reporting and verification (MRV) system.”It also plans on continuing promotion of the Iwokrama as a dedicated place for research “to develop, demonstrate, and make available to Guyana and the international community systems, methods and techniques for the sustainable management and utilisation of the multiple resources of the tropical forest and the conservation of biological diversity.”In the document, it is stated that a combination of conservation and sustainable management of its forests will form the crux of the strategy.It is noted that attracting additional international support for avoided deforestation through reforms in timber industries would include reduced impact logging.It is also slated to include “reviewing compliance with agreed sustainability targets; and in the mining industry, including mapping of mining resources, improving mining efficiency, and mandatory reforestation of mining sites. Some of these activities are already in the pilot phase. For example, sustainable land management and development – putting degraded and deforested lands to productive use.”The framework document states that the elements of the strategy will be examined and consulted upon between April and December of 2017. Public consultations are yet to begin.Within the framework, seven “central themes” are provided. They include promises to diversify the economy, “creating decent jobs for all”, transitioning to renewable energy, and “human development and wellbeing.”The framework of the GSDS and financing mechanisms’ document was completed in March with financial and technical support from UN Environment. Initial consultations in regard to the development of the framework document began in December 2016 between the Government and other key stakeholders.