MCC Compact With Philippines to Focus on Tax Collection

The Millennium Challenge Corp. plans to give USD50 million to help the Philippines improve its tax collection as part of a compact the two parties expect to sign this year, a MCC spokesperson said.

MCC staff met last week with a Philippine delegation that included Bureau of Internal Revenue officials to negotiate the agreement, which the MCC board of directors may approve as soon as March, according to the spokesperson.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.