THE National Economic and Development Authority (Neda) has recently published the 2023 Revised Guidelines and Procedures for Entering into Joint Venture (JV) Agreements between Government and Private Entities. The guidelines came into effect on April 25, 2023.

'The amendments have been designed to enhance competition for projects under joint ventures, enhance the performance of private sector participants, and strengthen checks and balances to ensure the technical and financial viability of government projects. These changes aim to address recurring issues that have been observed in past JV projects,' NEDA Secretary Arsenio Balisacan said.