• PH, SPAIN EXTEND ECONOMIC DEVELOPMENT TIE-UP BY 4 YEARS

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    The Philippines and Spain signed an agreement on Monday to extend their development partnership by four years to 2017, under which the Philippines will receive a 50-million euro grant to pursue programs focused on good governance, the rule of law and disaster-risk management. The projects for funding are outlined in the Philippines-Spain Country Partnership Framework (CPF) for Development Cooperation 2014-2017. The 50-million euro fund will be coursed through the country’s national government agencies, multilateral cooperation through United Nations agencies, and cooperation through Filipino-Spanish non government organizations partnership. According to the NEDA, additional funds for financial cooperation and program-based aid will also be considered, if needed.

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