THE Department of Finance (DOF) said on Thursday that the US government has extended a multimillion grant to fight poverty in the Philippines.
In a statement, Finance Secretary Cesar Purisima and Millennium Challenge Account Philippines managing director Ma. Victoria Anonuevo said the $434-million compact grant from the US Millennium Challenge Corp. (MCC) has entered into force.
The government officials said this milestone mirrored “a shift into high gear of the implementation of three major projects under the MCC grant that demonstrate the joint commitment by the US and Philippine governments to fight poverty in the country.”
They said the compact’s entry into force—signed on September 23, 2010 in New York between Purisima and MCC chief executive officer Daniel Yohannes—marked the start of the five-year clock for implementation.
“This is a milestone that signifies the determination by the two countries to rapidly initiate the implementation of poverty-reduction projects which eventually will help the Philippines and the Filipinos for many years ahead,” Añonuevo said.
The compact supports projects such as the $54.30-million Revenue Administration Reform Project under the Bureau of Internal Revenue and DOF-Revenue Integrity Protection Service, the $120-million Kapit-Bisig Laban sa Kahirapan-Comprehensive and Integrated Delivery of Social Services of the Department of Social Welfare and Development, and the $214.44-million Secondary National Roads Development Project of the Department of Public Works and Highways. –LAILANY P. GOMEZ, Manila Times
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
