No diversion of $434-M US grant, says Palace 09/27/2010

No diversion of $434-M US grant, says Palace 09/27/2010
Amid criticisms that a huge anti-poverty aid to be provided by the US government will not help uplift the lives of the poor, the Palace said yesterday the $434-million Millennium Challenge Corp (MCC) grant will be used for its purpose and will not be diverted into other projects.

“That will be used solely for the projects intended under the grant. Where the funds were committed, these will be spent in line with our commitment to Filipinos on transparency and account-ability in govern-ment,” deputy presidential spokesman Abigal Valte said.

President Aquino received the grant during a signing ceremony in New York City recently. He vowed to implement anti-corruption programs.

Last year, the Philippines under President Arroyo failed to secure the large-scale grant from the MCC due to the long-standing allegations of corruption under the previous administration..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100927hed2.html