With United States (US) President Donald Trump shutting down the Millennium Challenge Corp. (MCC), the threshold program that the US aid agency had been developing with the Philippines will no longer push through. But Finance Secretary Ralph G. Recto, the Marcos administration 's chief...
Despite the Philippines' failure in weeding out corruption, the US aid arm Millennium Challenge Corp. (MCC) is pushing through with its planned smaller-scale grant assistance. During its quarterly meeting last Dec. 18, MCC's board of directors "re-selected the Philippines as eligible to continue to...
The Philippines once again failed in the pass-or-fail corruption benchmark needed to secure grant assistance from the United States aid arm Millennium Challenge Corp. (MCC). MCC's fiscal year 2025 Country Scorebook released on Nov. 21, which listed down the possible compact and threshold program...
After being denied a grant under former president Duterte’s administration, the US foreign aid agency Millennium Challenge Corp. (MCC) is again extending its hands to the Philippines as it sees the country is on the “right pathway forward.” MCC Chief Executive Officer Mary Albright said that...
The Marcos administration is seeking financial support from a US foreign aid agency to bolster its efforts to combat corruption and enhance revenue generation, the Department of Finance (DOF) said. Finance Secretary Ralph G. Recto said the Washington-backed Millennium Challenge Corp. (MCC) could...
The Millennium Challenge Corp. (MCC), a US foreign aid agency, said the Philippines has demonstrated renewed commitment to improve governance, human rights, and fighting corruption. In a statement, Alice Albrigh, MCC chief executive officer, said that Philippines has met threshold...
After a seven-year hiatus prompted by human rights concerns, the Washington-led Millennium Challenge Corp. (MCC) has decided to resume providing grants to the Philippines. In a statement, Finance Secretary Benjamin E. Diokno said the US foreign aid agency that gives grant to developing countries...
