Phil-Am Fund supports innovative projects for dev’t

In pursuit of its commitment to help the Philippines achieve broad-based and inclusive growth, the US Embassy Manila’s United States Agency for International Development (USAid) launched the Philippine-American (Phil-Am) Fund, a five-year, P984 million ($24 million) grant-making facility that will support Filipino organizations to implement innovative solutions to address the country’s development challenges.

Ambassador Harry Thomas Jr. said, “I am very pleased to be a part of this exciting and innovative project that will help advance our shared vision of broad-based and inclusive growth under the Partnership for Growth Initiative. Under the PFG [Partnership for Growth], our governments are committed to work together to achieve inclusive economic growth in the Philippines.”