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MCC Board Approves $434 Million Philippines Compact

by admin | August 18th, 2010

August 5, 2010

Washington, DC– The Board of Directors of the U.S. Government’s Millennium Challenge Corporation (MCC) has approved a $434 million compact with the Government of the Philippines to reduce poverty through economic growth. Non-governmental organizations, private sector firms, and the Philippine government and people consulted extensively to design a homegrown program to address key constraints to sustainable development. More…

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