Efforts to reduce poverty, promote private-sector-led growth, and strengthen good governance in the country recently gained support from the United States government via a US$213-million grant.
Finance Secretary Carlos Dominguez III signed the grant for the Economic Growth and Democratic Governance with Equity (EGDGE) program, which will be implemented over a five-year period until September 2025.
Mission Director Lawrence Hardy II signed the accord on behalf of the US Agency for International Development (USAID).
“We thank USAID for this latest support by the United States government by way of a USD213 million grant for the Duterte administration’s paramount goal of accelerating poverty reduction and attaining financial inclusion for all Filipinos,” Dominguez said.
“This American aid in support of the overriding concern of the Duterte government underscores the strong and enduring bilateral ties between the US Government and the Government of the Republic of the Philippines that transcend the political chatter,” he added.
The DOF said the EGDGE program “aims to advance poverty reduction, justice, and peace in the country” and “also seeks to advance macroeconomic fundamentals and open governance in order to promote inclusive growth for a more prosperous, self-reliant and stable Philippines.”