Good news for a change.
Recently a significant agreement between the
Philippines and its strategic partners was signed.
Lead development agencies from the United States of America
(USA) and the Republic of Korea (ROK) on Wednesday, April 7, signed a
Memorandum of Understanding (MOU) to advance development cooperation in the
Philippines.
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| (Photo credit to owner) |
U.S. Embassy Chargé d’Affaires John
Law and Korean Ambassador to the Philippines Inchul Kim joined USAID
Philippines Mission Director Lawrence Hardy II and Acting KOICA Philippines
Country Director Jasesang Hwang for the MOU signing at the U.S. Embassy in
Manila.
“The United States is proud to
partner with the Korean government on projects to promote mutual development
goals in the Philippines. Together, we are supporting the Philippine
government in creating a more prosperous, sustainable society for all
Filipinos,” said Chargé d’Affaires Law.
The said MOU has the primary aim of strengthening U.S.-Korean
partnership to foster sustainable development. It builds upon a global
MOU for development cooperation signed by USAID in Washington, DC and the
Korean Ministry of Foreign Affairs in 2019.
“The Korean government is glad to enhance its
partnership with the U.S. under this MOU in promoting sustainable and inclusive
development in the Philippines. Together with the U.S., Korea hopes to reach
out to the Filipinos in the Bayanihan spirit, which is at the heart of Korea’s
development cooperation efforts in the Philippines,” said Ambassador Kim.
Both ROK and the US are among the largest bilateral
donors of the country. Korea for example has expanded its bilateral developmental
assistance in both fields of grants and budgetary support and its recorded as
the second-largest development assistance donor in the country.
As for the US, since 1961, USAID has forwarded to
the Philippines a robust foreign assistance portfolio amounting to more than $5.1
billion (P247.5 billion).
Sectors from poverty reduction in rural areas,
empowerment of women and girls, water resource management, community
rehabilitation in Marawi, and climate resilience. Under the recently
signed MOU, USAID and KOICA will explore additional areas of cooperation in
these and other sectors in the Philippines.
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