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Arroyo ‘thrilled’ over RP eligibility for US grant

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By Joel Guinto
INQUIRER.net
First Posted 15:45:00 03/12/2008

MANILA, Philippines — President Gloria Macapagal-Arroyo said Thursday she is “absolutely thrilled” and “deeply honored” over the Philippines’ eligibility for a “compact” or large-scale grant from the United States’ Millennium Challenge Corp. (MCC) to fund for programs to fight poverty and boost the economy.

“This is a great day for the Philippines and the actions by the Millennium Challenge Corp. offers a remarkable validation of the efforts of our government and nation to invest in our people, fight corruption and encourage economic freedom,” Arroyo said.

“These are the hallmarks of my administration, and I am absolutely thrilled to be so recognized for consideration by this prestigious and serious-minded corporation of the US government,” she said.

The MCC, a US government corporation that ties aid to good governance, announced the country’s eligibility on its website.

“Congratulations to the Government of the Philippines for its demonstrated commitment to tackling difficult challenges and improving the lives of its people,” Ambassador John Danilovich, MCC chief executive officer, was quoted as saying in a statement.

“The Philippines, like all countries eligible for a compact, must maintain its performance on the MCC selection criteria and must now begin a broad-based consultative process with its people to develop a proposal that addresses the country’s barriers to poverty reduction and economic growth,” he said.

According to the MCC statement, countries eligible for a compact must submit a five-year plan to “reduce poverty through sustainable economic growth.”

Executive Secretary Eduardo Ermita said US Ambassador Kristie Kenney informed him through telephone of the MCC’s decision to the make the country eligible for the compact.

View article as posted on INQUIRER.net

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Written by joelguinto

WedUTC2008-03-12T09:19:48+00:00UTC03bUTCWed, 12 Mar 2008 09:19:48 +0000 22, 2006 at 12:45 am03

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