{"id":270241,"date":"2020-09-29T06:32:52","date_gmt":"2020-09-29T10:32:52","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=270241"},"modified":"2020-09-29T06:32:52","modified_gmt":"2020-09-29T10:32:52","slug":"ph-us-ink-new-p10-5-b-deal-to-boost-economic-growth","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/09\/29\/ph-us-ink-new-p10-5-b-deal-to-boost-economic-growth\/","title":{"rendered":"PH, US ink new P10.5-B deal to boost economic growth"},"content":{"rendered":"
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This agreement enables USAID and the Philippines to deepen their commitment to accelerate inclusive, broad-based economic growth through policies that increase investment and trade throughout the Philippines. (File Photo:<\/a> U.S. Embassy in the Philippines\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2013 The United States, through the United States Agency for International Development (USAID), and the Department of Finance (DOF), signed a new, five-year bilateral assistance agreement valued at more than PHP10.5 billion ($213 million) to boost the country\u2019s economic development and growth, the US Embassy in Manila announced Monday.<\/p>\n

This agreement enables USAID and the Philippines to deepen their commitment to accelerate inclusive, broad-based economic growth through policies that increase investment and trade throughout the Philippines.<\/p>\n

New programs and activities will promote inclusive, market-driven growth; improve the business environment; expand economic opportunities through private-sector-led innovation for medium and small businesses, and increase information and communications technology access for the digital economy that benefits both producers and consumers.<\/p>\n

Activities also include strengthening local civil society organizations to advance locally-led programming and policy-making in the Philippines and facilitating coalitions and partnerships between government and other stakeholders toward data-driven decision-making. Additionally, USAID will continue to support Philippine government objectives by improving public sector transparency and accountability; advancing the rule of law and the justice system; and boosting local governments\u2019 responsiveness to Filipinos\u2019 needs.<\/p>\n

\u201cThis new USAID and Department of Finance bilateral agreement will expand our support to help the Philippines achieve long-term, private sector-led economic growth and strengthen economic governance. These programs will create jobs and help ensure a more inclusive, broad-based economic development,\u201d said USAID Mission Director Lawrence Hardy II.<\/p>\n

This bilateral agreement with the DOF is one of four new, five-year USAID- Government of Philippines Development Assistance Agreements launching in 2020, with an anticipated total value of PHP32.7 billion ($675 million) over five years.<\/p>\n

The other new agreements include:<\/p>\n

Department of Health: To improve underserved Filipinos\u2019 health by strengthening health systems while improving the quality of health services, especially in treating tuberculosis, providing access to those who seek family planning services, and community-based drug dependence treatment;<\/p>\n

National Economic Development Authority: To protect ecosystems by promoting sustainable use of natural resources, enhance energy security, and build capacity to mitigate risks and respond to natural disasters; and<\/p>\n

Department of Education: To improve early grade reading, expand science and mathematics curricula, and increase out-of-school youths\u2019 access to education, professional, and technical skills development that will lead to new job opportunities, and strengthen education governance.<\/p>\n

Over the past 20 years, the United States has provided nearly PHP228.8 billion ($4.5 billion) in total assistance to advance the country\u2019s development goals.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 The United States, through the United States Agency for International Development (USAID), and the Department of Finance (DOF), signed …<\/p>\n","protected":false},"author":33,"featured_media":270243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-270241","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/270241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=270241"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/270241\/revisions"}],"predecessor-version":[{"id":270244,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/270241\/revisions\/270244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/270243"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=270241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=270241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=270241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}