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Phl re-engaged with US foreign aid agency
The Philippine Star
|December 18, 2023
The independent foreign aid agency of the US government has re-engaged the Philippines through the development of threshold programs aimed at boosting economic growth.
In a statement, economic team head and Finance Secretary Benjamin Diokno welcomed the decision of the Millennium Challenge Corp. (MCC) to re-engage the Philippines via programs that will support policy and institutional reforms.
Created by the US Congress, the MCC partners with the world’s poorest countries that are committed to just and democratic governance, economic freedom and investing in their populations.
The MCC provides time-limited grants promoting economic growth, reducing poverty, and strengthening institutions.
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