MCC CEO Daniel Yohannes (left) greets Philippine Secretary of Foreign Affairs H.E. Albert F. Del Rosario at a meeting at MCC Thursday.
Washington, DC— Daniel W. Yohannes, CEO of the U.S. Government’s Millennium Challenge Corporation (MCC), yesterday met with Philippine Secretary of Foreign Affairs H.E. Albert F. Del Rosario at MCC headquarters in Washington, DC to discuss the progress of MCC’s compact with the Republic of the Philippines. They were joined by Philippine Ambassador to the United States, H.E. Jose L. Cusia, Jr.
“I commend the MCA-Philippines team and the government of the Republic of the Philippines on achieving Entry into Force of the compact ahead of schedule,” stated Mr. Yohannes. “I look forward to meeting future implementation challenges head-on and achieving the goals of the compact over the next five years. I am also pleased to help support the U.S. government’s Partnership for Growth initiative in the Philippines, which looks to build upon the great partnership between our two countries.”
In September 2010, MCC signed a five-year, $434 million compact with the Republic of the Philippines. This grant will help support reforms and investments to modernize the Bureau of Internal Revenue, expand and improve a community-driven development project, and rehabilitate a secondary national road in Samar province. The compact entered into force on May 25, 2011.
Secretary Del Rosario stated, “Let me convey the Philippine government’s appreciation of MCC’s strong support of the Philippine compact. We are committed to see this program through in the next five years as an enduring legacy that will further enhance our partnership. We also highly appreciate MCC’s support of the Philippines’ selection as a partner country for the Partnership for Growth initiative.”
During the meeting, Mr. Yohannes commended the Millennium Challenge Account (MCA)-Philippines and the Philippine government for their tireless work to move the compact forward. He also highlighted the Aquino administration’s efforts to support the nation’s development plan and fight corruption, particularly in the Bureau of Internal Revenue and the Department of Public Works and Highways.
Mr. Yohannes called on the Philippine government to continue to monitor certain critical items as the compact moves forward, including the policy improvement plan and an initiative to communicate plans, objectives and results to local residents. He also encouraged the Aquino administration to combat trafficking in persons and address human rights abuses.
Millennium Challenge Corporation, a U.S. Government agency designed to work with developing countries, is based on the principle that aid is most effective when it reinforces sound political, economic, and social policies that promote poverty reduction through economic growth. For more information, please visit www.mcc.gov.
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