US aid agency okays $434-M fund vs corruption, poverty
By Michaela P. del Callar 08/07/2010 A United States aid agency has finally approved a $434-million additional funding to the Philippines to curb corruption and reduce poverty through economic growth. “Congratulations to the people and Government of the Philippines for tackling difficult challenges to create tangible opportunities for growth and prosperity,” said Millennium Challenge Corporation (MCC)Chief Executive Officer Daniel Yohannes in Washington. “The Filipinos have articulated a clear vision to improve the quality of their lives through a technically, environmentally, and socially sound plan. I am confident that the country’s ongoing commitment to positive reforms, accountability and transparency, and the timely implementation of the compact will deliver tangible results.” In Manila, US Ambassador Harry Thomas said the decision by the MCC Board of Directors, chaired by Secretary of State Hillary Clinton, “marks a vote of confidence in the Aquino administration and its commitment to confront corruption.” “The MCC grant will support President Aquino’s efforts to reduce poverty, stimulate economic growth, combat corruption and ensure a better future for all Filipinos. I am delighted that we now have this new opportunity to build on our partnership with the Philippines. We look forward to signing the final agreements in the coming weeks, and getting to work as soon as possible,” Thomas said. Source: The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100807hed6.html |
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