Romulo reiterates RP commitment to 'Compact' grant process in meeting with MCC CEO

December 19, 2009 1:32 pm 

MANILA, Dec. 19 — With the recent reselection of the Philippines by the Millennium Challenge Corporation (MCC) as eligible for “Compact” grants of up to US$ 500 million for 2010, Foreign Affairs Secretary Alberto G. Romulo has hied off to Washington to formally express “profound appreciation” to MCC Chief Executive Officer Daniel Yohannes.

This was made known by the Department of Foreign Affairs (DFA) as it reiterated that Manila has fulfilled its commitments to MCC and “is definitely on track” on the procedures towards a March 2010 time line to conclude the grant agreement.

“We will continue to work hard and improve on the various aspects of the MCC program,” Romulo said during the meeting with the MCC official.

MCC requires high performance in efforts on such areas as anti-corruption and governance.

According to the DFA, Yohannes acknowledged that the MCC has a very good relationship with the Philippine government and that the technical assessment of the Philippine Compact proposal “is going very well.”

Also in the meeting were MCC Senior Advisor to the CEO and Deputy White House Counsel Cassandra Butts, Acting Vice President for Compact Development Darius Teter, Director for Country Relations Jerry Dutkewych, and Philippine Ambassador to Washington, D.C. Willy C. Gaa. (PNA) >br>scs/GJB


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