| Additional funding to RP to be granted  if Aquino shows political  will US dares Noynoy to curb corruptionBy Michaela P. del Callar 06/18/2010 Show political will first in  curbing corruption in government. This was the  message conveyed  by a  United States aid agency that said it  may  consider granting additional funding to the Philippines this year, but  this was followed by a challenge to  incoming President Benigno Aquino  III to first demonstrate his political will to fight corruption.  This was the decision of the Millennium Challenge  Corporation (MCC) Board, which is headed by US Secretary of State  Hillary Clinton, when it reviewed the agency’s portfolio of investments  in low income and lower middle income countries on June 16.  Following  the meeting, the Board said it expects to consider grant agreements with  the Philippines, Jordan, and Malawi in calendar year 2010, and  Indonesia, Zambia, and Cape Verde in its calendar year 2011. “The Board received an update on discussions with the  incoming Philippine administration on the proposed compact program. The  Board reiterated its desire for a commitment by the new administration  to the ideals and principles of MCC, including fighting corruption, and  to the compact’s objectives and implementation,” the MCC said in a  statement. The Philippines failed to secure a  large-scale grant from the MCC last year due to the long-standing  problem of corruption in the government. However,  the Philippines was re-selected to apply anew for additional funding  under the MCC’s compact program for its development projects. The results of the MCC’s corruption test, which the  Philippines flunked, had a great impact on the decision of MCC Board of  Directors when they selected and reviewed eligible developing countries  for compact funding.  Manila would have received  an additional $500-million poverty-reduction funding from the MCC only  if it had passed the MCC’s anti-corruption index in 2009. Control of Corruption is considered by the MCC as the  only pass/fail indicator. No country can receive funding under the  Compact program unless it passes at least half of the 17 indicators and  the Control of Corruption indicator. The  Philippines , which qualified in 2007 under the MCC’s threshold program  initially received $21 million for the government’s anti-corruption  projects. The MCC is a US government corporation  designed to work with developing countries on Millennium Challenge  Account (MCA)-funded programs for economic growth. Two  MCA programs available are the primary “Compact Program” and the  secondary “Threshold Program,” which helps countries that are close to  qualifying for Compact Program assistance address specific policy  weaknesses. Both programs are based on the  principle that aid is most effective when it reinforces good governance,  economic freedom, and investments in people that promote economic  growth and elimination of extreme poverty, the MCC said. Source: The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100618hed1.html | 
29. Alam n'yo kaya na ngayon ang ika-115 na pagdiriwang ng pinakaunang 
labanan ng Himagsikan bago pa man ang pangkalahataang pag-aaklas? Ngayon 
unang lum...
14 years ago

 
 
 
 
 
 
 

 

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