The government of South Korea expressed commitment to assist the rehabilitation programs for Marawi City, according to Finance Secretary Carlos Dominguez.
Sec. Dominguez joined President Rodrigo Roa Duterte in a three-day official visit to South Korea on June 3-5, 2018.
Dominguez said the Korean government is very supportive of the actions of the Duterte administration.
“The Korean government said that they are committed to assist us in the Marawi rehabilitation program,” Dominguez said in a press briefing in Seoul, South Korea.
Dominguez said South Korea is just waiting for final plans “so we can ask them exactly what we need from them.”
The specific amount was not mentioned but the fonancial assistance would be substantial, according to Dominguez.
At least PHP75-billion is be needed to rebuild the war-torn Marawi City, according to Task Force Bangon Marawi (TFBM).
Marawi City was ravaged by a five-month war between government troops and the ISIS-Maute local terrorist group. The crisis displaced more than 359,000 Marawi City residents.
The TBFM reported that total damages and losses reached PHP18 billion, mostly covered 250-hectare 24 barangays.
The President’s three-day official visit to Seoul, at the invitation of South Korean President Moon Jae-in, has yielded USD4.9-billion worth of investments, according to Presidential Spokesperson Harry Roque.