The first project is
the construction and repair of the 220-kilometer Samar Road with
$214.4 million as allocated fund.
The road, which passes
through 15 municipalities, will improve access to markets and services
for farmers, fishers, and small businesses in some of the poorest
provinces in the country.
This project will
hopefully solve the poverty-rooted insurgency problems in the
hinterlands.
The second project is
the Expansion of the Kalahi-CIDSS, a development project that empowers
communities by encouraging their participation in poverty alleviation
activities. With $120-million allotted fund, the project includes
construction of critical infrastructure such as water systems,
clinics, and schools.
MCC officials said
this innovative project design strengthens local accountability and
allows poor communities to effectively design and transparently manage
the projects they need to increase their incomes and improve their
lives.
The third project is
the $54.3 million in investments to computerize and streamline
business processes in the Bureau of Internal Revenue (BIR), which is seen to bolster the effectiveness of
revenue collection and reduce opportunities for corruption.
The signing of the
RP-Millennium Development Corporation (MDC) compact presided over by President Benigno S. Aquino
III and United States
Department of State Secretary Hillary Clinton, who expressed total
support and confidence in the present administration.
The agreement was
signed by Finance Secretary Cesar Purisima and Millennium Challenge
Corporation (MCC) chief executive officer Daniel Yohannes at the
Waldorf Astoria Hotel in New York, USA.
