President Benigno S. Aquino III exchanges pleasantries with German Federal Foreign Minister Dr. Guido Westerwelle during the courtesy call at the Music Room  of the Malacañan Palace on Thursday (February 07, 2013). Dr. Westerwelle’s visit is a very strong signal of the interest of both the Philippines and Germany to further enhance bilateral relations. To date, Germany is the Philippines’ second largest export market in the European Union (EU), and the second largest source of tourists from Europe. Germany is also the 4th largest bilateral donor of official development assistance (ODA) to the Philippines. Statistics from the Department of Trade and Industry (DTI) shows that trade between the two countries from January to September 2012 amounted to around US$2.6-billion. In photo are Foreign Affairs Secretary Albert del Rosario and German Federal Ambassador to the Philippines His Excellency Dr. Joachim Heidorn. (MNS photo)

President Benigno S. Aquino III exchanges pleasantries with German Federal Foreign Minister Dr. Guido Westerwelle during the courtesy call at the Music Room of the Malacañan Palace on Thursday (February 07, 2013). Dr. Westerwelle’s visit is a very strong signal of the interest of both the Philippines and Germany to further enhance bilateral relations. To date, Germany is the Philippines’ second largest export market in the European Union (EU), and the second largest source of tourists from Europe. Germany is also the 4th largest bilateral donor of official development assistance (ODA) to the Philippines. Statistics from the Department of Trade and Industry (DTI) shows that trade between the two countries from January to September 2012 amounted to around US$2.6-billion. In photo are Foreign Affairs Secretary Albert del Rosario and German Federal Ambassador to the Philippines His Excellency Dr. Joachim Heidorn. (MNS photo)

MANILA (Mabuhay) — The European Union (EU) announced Tuesday that it will increase its financial development assistance in the Philippines from 130 million euros to 325 million euros.

The Bangsamoro region will receive a higher proportion of assistance compared with other areas in the country.

“The significant increase in aid has been granted in the context of the progressive improvement of governance under the current administration,” EU ambassador Guy Ledoux said in a press briefing.

“Emphasis will be on achieving concrete results and maximizing the impact of the EU funding provided to the benefit of Filipinos across the country,” he said.

The development of the Bangsamoro region will become a major funding priority of the EU, Ledoux said.

Ledoux and Rolando Tungapalan, deputy director general of National Economic and Development Authority (Neda), signed the 2015 Joint EU-Philippines Development Report which details the priority projects that will be funded.

EU provided a total of 130 million euros in grant assistance from 2007 to 2013.

Several EU member states will also be providing official development assistance on top of the assistance from the EU commission through their respective bilateral agreements. (MNS)