• US LAUNCHED FUND UNDER US-PH PFG

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    The United States government on Monday launched the Philippine-American (Phil-Am) Fund, a five-year P984-million ($24 million) grant-making facility that aims to help Filipino organizations in implementing innovative solutions that will address the country’s development challenges. The facility was created under the auspices of the Partnership For Growth, which aims to achieve for the Philippines a broad-based, sustainable and inclusive growth. The country has been chosen by the Obama administration because of President Benigno Aquino 3rd’s anti-corruption and good governance drive. According to the fact sheet posted on the State department’s website, the Partnership For Growth “aims to address the most significant constraints to growth and to stimulate enhanced, inclusive economic expansion.”

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