The creation of the CFTF
'is the first step in the right direction,' Geronimo said.
The CFTF seeks to use the P71-B recovered coco levy funds to develop the country's coconut industry for the benefit of small coconut farmers.
Under the CFTF Act, the Trust Fund committee will decide on the disposition, utilization and allocation of the Fund, identify agencies that will implement projects and programs and set investment and asset management policy, among others.
(44) At the end of the CFTF's existence, the CFTF took credit for
Compared with the CFTF, the FFETF has not significantly pursued players
Hannah Raybould, CFTF
co-ordinator, said, 'The Celtic Film and Television Festival always offers an exciting programme - and this year is no exception.
chief executive Anna Home said: ``This new fund will reestablish the CFTF
as a focal point of family-friendly films.''
The CFTF will administer the multibillion-peso coconut levy fund that was forcibly collected from farmers during the regime of the dictator Ferdinand Marcos.
Geronimo said the farmers had long been pushing for the creation of the CFTF from the recovered coconut levy fund, estimated to be around P70 billion, the annual interest earnings of which would be used to bring about meaningful programs for millions of impoverished small coconut farmers and their families.
Coconut farmer groups had long been pushing for the CFTF through rallies, marches and appeals to Congress and Malacanang.
Geronimo said the real test of the lawmakers true intention behind the passage of the CFTF would be in the bicameral conference between the House of Representatives and the Senate.
to the marketplace." (4) By late 2005, the CFTF
reported that since