Friday, September 24, 2010

Philippines Receives MCC $434-M Grant

On 24 September 2010 (Friday), Philippine Finance Secretary Cesar Purisima and MCC CEO Daniel Yohannes signed the $434 million Republic of the Philippines-Millenium Challenge Corporation (GRP-MCC) Compact at the Waldorf Astoria Hotel. PNoy renewed his commitment against corruption and US Secretary of State Hillary Clinton praised Filipino hardwork and bounced off the sentiments of Filipinos working in the US against the control of Filipino "elite in business and politics that basically call the shots," providing "not much room for someone who's hardworking, but not connected." (See Worldwide Recognitions page.) 

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