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 was chosen by the Obama administration because of President Benigno Aquino’s anti-corruption and good governance drive.

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