Natural Resource Management – 2021
2021
A plebiscite ratified the Bangsamoro Basic Law on January 21, 20191.[1] The law established revenue sharing for natural resource profits between the national and regional governments and revenue sharing between the regional and local governments. Additionally, the law required that Indigenous groups be given an equal share of profits from resources on their land, although the specific mechanism and percentages were to be defined in later law.[2]
The BBL defined a 25% to 75% revenue-sharing criterion that has yet to be implemented, and no progress has been made on the exploration, development, and utilization of natural resources.[3]
[1] “Fifth public report,” Third Party Monitoring Team, March 11, 2019.
[2] “Republic Act No. 11054,” Article XII, Sections 34, 35, and 36.
[3] “Seventh Public Report,” Third Party Monitoring Team, January 2022.