Wednesday, August 06, 2008 US okays P1.9-billion grant to RP
THE United States government has approved a P1.9-billion grant to the Philippines in support of the Arroyo administration's investment in "people and capacity-building" program and to help sustain the country's economic growth.
Press Secretary Jesus Dureza made the announcement during Tuesday's media briefing in Malacañang.
Inclusive of the government's counterpart fund of P600 million, the total amount would reach P2.645 billion, Dureza said.
He said President Gloria Macapagal-Arroyo 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. (JMR/Sunnex)
