WASHINGTON – The US Millennium Challenge Corp. (MCC) said it will not provide economic assistance to the Philippines until it curbs corruption, and urged the government to intensify efforts to fight this evil.
The Philippines had hoped to be elevated to MCC compact status this year to be eligible for large-scale grant funding under the US government’s innovative foreign assistance program, but a continuing drop in its “control of corruption” scorecard doomed it to failure.
MCC’s aim is to reduce global poverty through the promotion of sustainable economic growth.
In a press statement on Thursday, MCC said the Philippines will remain eligible for developing a compact proposal but emphasized the board will not sign a compact until the country passes the indicator criteria on corruption.
“The board called upon the government of the Philippines to intensify its efforts to fight corruption and will closely monitor the country’s performance,” said Ambassador John Danilovich, MCC chief executive officer.