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16/06/2011: Ambassador Cuisia and MCC CEO Yohannes Discuss PHL MCA Program

16 JUNE 2011, WASHINGTON, D.C. – Philippine Ambassador to the United States Jose L. Cuisia, Jr. met today with Millennium Challenge Corporation (MCC) CEO Daniel W. Yohannes.

Ambassador Cuisia reiterated the Philippine Government’s appreciation for MCC’s support to the country’s reform efforts in the areas of ruling justly, investing in people and promoting economic freedom.  He also discussed the Philippine Government’s revenue generation efforts and the progress in MCC’s anti-corruption “investments” such as the Run After the Tax Evaders (RATES), Run After the Smugglers (RATS), and Revenue Integrity Protections Service (RIPS) projects.  He then congratulated Mr. Yohannes for his leadership in sustaining MCC’s Millennium Challenge Account (MCA) program as an innovative model of country-led, performance-based development assistance.

Mr. Yohannes, in turn, acknowledged that the Philippine Compact has been “a great partnership” since the start of the Compact development process in 2008 and conveyed MCC’s expectation that the project outcomes will be effectively achieved since the Compact is “designed and implemented by the Filipino people.”

On September 23 in New York City, the Philippines and the MCC signed the $434 million, five-year Compact to reduce poverty, accelerate growth, and create opportunities for the Filipino people.

MCC is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty. MCC has approved over $7.4 billion in Compact and Threshold Programs worldwide that support country-determined projects in such sectors as agriculture and irrigation, transportation (roads, bridges, ports), water supply and sanitation, access to health, finance and enterprise development, anticorruption initiatives, land rights and access, and access to education. END