USAid’s initiative to boost Oro economy-A A +A
Friday, June 29, 2012
THE United States Agency for International Development’s (USAid) Cities Development Initiative (CDI) intended to create employment opportunities and boost local economy in Cagayan de Oro for Mindanao; Batangas for Luzon; and Iloilo in Visayas.
USAid Mission Director Gloria Steele said CDI is a five-year contract between the City Government of Cagayan de Oro and USAid to partner in introducing developments to local residents.
“It is based on the idea that the city would serve as the engine to accelerate economic growth and livelihood development to come up with government policy and make the government conducive to the people,” Steele told reporters during the signing of a Memorandum of Understanding between officials of the local government unit (LGU) here and the USAid on Friday.
Steele said USAid would provide assistance to LGUs on its endeavors especially on economic activities and develop livelihood programs that would eventually help the regional economy grow.
US Ambassador Harry Thomas, who witnessed the MOU signing, said CDI is America’s contribution to Cagayan de Oro’s commitment to improve its economy “so that more people can benefit from education, health, and from business opportunities while still taking care of the environment.”
“We will partner with the government, the private sector and civil society to ensure our programs have a positive impact. This initiative is just one of many facets of the US-Philippine Partnership for Growth, which is working hard every day to encourage inclusive and sustainable economic growth here,” he told business leaders and local officials.
The US-Philippines Partnership for Growth is helping the country achieve its high growth potential by supporting a more transparent, predictable, and consistent legal and regulatory regime; fostering a more open and competitive business environment; strengthening the rule of law; and strengthening fiscal stability.
The Americans, through the USAid, have provided economic and humanitarian assistance worldwide for over 50 years. In the Philippines, USAid works in partnership with the National Government in creating a more stable, prosperous and well-governed country through programs that promote broad-based and inclusive economic growth, increase peace and stability in Mindanao, and reduce risks from natural disasters.
For more information about USAid’s programs in the Philippines, visit http://philippines.usaid.gov.
Published in the Sun.Star Cagayan de Oro newspaper on June 30, 2012.