USA, Republic of Korea Partner To Advance Development Priorities In Philippines

USA, Republic of Korea Partner To Advance Development Priorities In Philippines

 


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.

(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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