US P1.9-B grant for RP capacity-building program to sustain economic growth - Dureza
Manila (6 August) -- The United States will provide a P1.9-billion grant to the Philippines to support the Arroyo administration's "investing in people and capacity-building" program, and help sustain the country's economic growth.
This was announced by Press Secretary Jesus G. Dureza at a media briefing yesterday afternoon in Malacanang.
Inclusive of the government's counterpart fund of P600 million, the total amount would reach P2.645 billion, Dureza said.
He said the President wants the bulk of the grant to be mobilized for capacity-building on reforestation and environmental programs as a whole.
Part of the grant would also support the country's infrastructure, energy modernization and health projects, including water supply and sanitation, he added.
Dureza said the President is also pushing for the inclusion of farm-to-market roads in the funding program in support of the country's food security program. (PIA-MMIO) [top]