Philippines eyes USD700 million MCC grant

Philippine finance secretary Margarito Teves is hoping the country will get USD700 million in grant from the Millennium Challenge Corporation. The agency approved the same amount for Tanzania, and was the biggest sum awarded to any country thus far. The cabinet official said that the funding will hinge on MCC’s approval of anti-corruption and socio-economic projects that the government aims to present to the aid organization in May. (Source: Millennium Challenge: RP may get USD700 M/Philippine Star)

About the author

Join the Discussion