US unlocks $434M for Aquino gov't

[reypel]

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nindot ni...i hope tarong lng ang pgdala sa funds or give US control over it pra sure dli mkurakot sa mga pinoy...

[brandnewbien]

great news. dako kaau ni ma tabang nato. weeeeeee

[yacky2006]

nindot kaayo nga adorno.

mas maayo unta ibalik ang estado unidos sa pinas...

[che(k_afss]

pnoy idol

dako salig ang US niya.. maau ug ma account tanan sa gmitan sa kwarta. corruption is almost everywhere esp ka Arroyo nga administration b4.

[hobie]

good news gyud ni ..mau unta magamit ug tarong ni bah ..
congratz to Pnoy administration ..

[darkwing]

details on the grant

7. On 8 July 2010, the President wrote a letter to President Obama expressing the government’s *commitment to MCC principles and commitment to implement the three projects under it.

8. On 12 July 2010, DOF Secretary Cesar Purisima also sent a letter to Secretary of State and MCC Board Chair Hillary R. Clinton on the details of GRP’s anti-corruption and policy improvement program.


9. On 5 August 2010, the MCC Board Approved the US$ 434 million Philippine compact. The compact may be signed after a 15-day congressional notification period, which follows MCC Board approval.

10. Once the Compact Agreement is signed, MCC will disburse the grants within a five year period. The concerned agencies are also mandated to fast track the implementation of the projects.



GRP-MCA Compact Agreement:


The Philippines’ $434 million Compact is intended to allow poor communities to develop small-scale projects and manage assets in a sustainable way, facilitate increased commerce by reducing transportation costs, and increase the efficiency and sustainability of revenue collection through the redesign and computerization of business processes.

Projects and Other Items Approx. MCC Grant Amount Description
1.* Secondary National Road Development Project (SNRDP) – DPWH $214.4 million Reconstruction and rehabilitation of roads (220 kilometers) and bridges in Eastern and Western Samar. Expected to benefit 290,000 Filipinos.* The project aims not only to save time and lower vehicle-operating costs (VOC) for the road users, but also to help increase real incomes and living standards of beneficiaries.
2.* Revenue Administration Reform Project (RARP) – DOF-BIR $54.3 million Intended to increase tax revenues over time and to support the Department of Finance’s initiatives to detect and deter corruption within its revenue agencies. It aims to address vital constraints on the fiscal front by increasing and improving the GOP’s ability to sustain higher collection of tax revenues and help reduce tax-related graft and malfeasance. The project will assist the BIR re-engineer its tax administration processes and implement revised procedures using a new automated tax administration system. It will also strengthen a unit in the Department of Finance that is responsible for bringing graft-related administrative actions against revenue agency employees.
3.* Kapit-Bisig Laban sa Kahirapan-*** Comprehensive and Integrated Delivery of Social Services (KALAHI-CIDSS) – DSWD $120 million Cover an estimated 193 municipalities that have a poverty incidence higher than the national average. The program is expected to benefit up to 5.2 million Filipinos in the next 20 years. It is aimed to strengthen local communities’ participation in barangay governance, and develop their capacity to design, implement and manage community-driven projects that significantly contribute to poverty reduction.
Program Management/ oversight; Management and evaluation* costs $45.2 million
Total MCC Funding $434 million

[peewee_toot]

mytag dili ni mapunta sa bulsa sa mga buwaya...

[Romeojin]

pnoy idol

dako salig ang US niya.. maau ug ma account tanan sa gmitan sa kwarta. corruption is almost everywhere esp ka Arroyo nga administration b4.

kahit kinsa pa ma-president basta mo-stand sa commitment para sa compact grant.

THE “father of good governance,” Dr. Jesus Estanislao, predicted last week the USA’s Millennium Challenge Corp. (MCC) would most likely finalize the MCC’s grant of about $500 million to finance Philippine anti-poverty and anti-corruption programs. But all of a sudden, the MCC deflated everybody’s hopes by announcing that its board had decided to wait till a new Filipino president is elected.

MCC defers granting $500M to Philippines

dawat limpyo ra ni si Ab-noy2x.

[bakwakkwak]

nag hinamhinam napud ang mga corakot ani hahaha

[darkwing]

basically the MCC didn't want it to give to the previous admin

The Philippines became eligible for a Compact agreement as early as 2009, but the Arroyo administration continually flunked the corruption test, including the last one released for Fiscal 2010 (the US fiscal year starts in October).

On a median of zero, the Philippines scored a -0.20 or about 26% in the Control of Corruption parameter.

Former President Arroyo, according to Washington DC insiders, also sought the MCC Compact for political reasons, because it would provide a “seal of approval” for her administration. But as she became embroiled in one scandal after another, some involving her family, the MCC appeared to tighten the requirements for her to get the Compact agreement.

This time around, the MCC apparently didn’t want to wait for its regularly scheduled 4th quarter board meeting to act on the Philippines’ request – something sources here say sends a clear signal to the 2-month-old administration of President Benigno “Noynoy” Aquino III.