U.S. aid agency says may extend funding to Philippines if it can reduce corruption

18:10, June 17, 2010      

Email | Print | Subscribe | Comments | Forum 

A United States aid agency may consider granting additional funding to the Philippines this year, but challenged President-elect Benigno Aquino III to first demonstrate his political will to fight corruption.

In a statement issued Thursday, the Millennium Challenge Corporation (MCC) said MCC's board, headed by U.S. Secretary of State Hillary Clinton, "reiterated its desire for a commitment by the new administration to the ideals and principles of MCC, including fighting corruption, and to the compact's objectives and implementation."

The statement was issued shortly after the MCC board conducted a review of its the portfolio of investments in low income and lower middle income countries. The board said it expects to consider grant agreements with the Philippines, Jordan, and Malawi in calendar year 2010, and Indonesia, Zambia, and Cape Verde in its calendar year 2011.

The Philippines failed to secure a large-scale grant from the MCC last year due to the long-standing problem of corruption in the government. But the Philippines was re-selected to apply anew for additional funding under the MCC's compact program for its development projects.

The MCC is a U.S. government corporation designed to work with developing countries on Millennium Challenge Account(MCA)-funded programs for economic growth.

Source: Xinhua

(Editor:黄硕)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion