“First, the compact includes $54.3 million in investments to computerize and streamline business processes in the Bureau of Internal Revenue. This project will bolster the effectiveness of revenue collection and reduce opportunities for corruption,” the MCC said.
Aside from this, $120 million would be used to expand the government’s Kalahi-CIDSS project, a community-based, rural development program.
KALAHI-CIDDS which stands for Kapit-Bisig Laban sa Kahirapan Comprehensive Integrated Delivery of Basic Services is a government poverty reduction scheme implemented by the Department of Social Welfare and Development nationwide.
“This innovative approach to development strengthens local accountability and empowers poor communities to design and drive the projects they need to increase their incomes and improve their lives,” the MCC said.
The third project, the MCC said would be used to finance the construction and repair of 220 kilometers of Samar Road worth $214.4 million.
“This road, which passes through 15 municipalities, will improve access to markets and services for farmers, fishers, and small businesses in some of the poorest provinces in the Philippines,” it said.