MCC Approves US$256M Grant for Liberia

MCC Approves US$256M Grant for Liberia

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first_imgThe Board of Directors of the Millennium Challenge Corporation (MCC) has approved US$256.7 million grant to Liberia under the Millennium Challenge Compact program.The grant was approved during the MCC Board’s annual meeting held on September 7, in Washington D.C and chaired by U.S. Secretary of State John Kerry.The Board’s approval now paves the way for the formal signing of a bi-lateral agreement (to be known as the Liberia Compact) between the Liberian and U.S. governments to be held in the United States by October.It will fund projects in electricity, road maintenance, reforms and capacities building and also replace the damaged water supply line from Mt. Coffee Hydro Plant to the White Plains Water Treatment Plant.Finance and Development Planning Minister Amara M. Konneh will sign on behalf of the Government of Liberia, while Ms. Dana Hyde, CEO of the Millennium Challenge Corporation, will sign on behalf of the US Government.Upon signing, the Compact will be submitted to the Liberian National Legislature for ratification.The Liberian government, through the Ministry of Finance and Development Planning, has welcomed the news and praised the U.S. Government for the Compact Grant, noting that it will significantly impact the lives of ordinary Liberians through poverty reduction, job creation and economic growth.The Finance Ministry noted that Liberia’s road to the Compact began in 2008 with the Threshold Country Program through which the U.S. Government provided US$15 million grant to support the Liberian government’s interventions to increase girls’ primary education completion, land rights and access, and to improve Liberia’s trade policy, all of which have contributed to Liberia’s recovery.The Compact program is competitive, and requires countries to meet key indicators relevant to economic and political governance. These include ‘Governing Justly’, which measures the protection of civil rights including the right to free speech; and ‘Control of Corruption’, measuring government’s transparency and accountability in public financial management. Liberia continues to make progress on those and other key indicators, in spite of the many challenges.Meanwhile MFDP has disclosed that MCC CEO Hyde has telephoned President Ellen Johnson-Sirleaf to inform her of the MCC Board’s decision and congratulated her for Liberia’s success in securing the MCC Compact Grant.The MCC Board has also approved a Compact Grant with Morocco and a Threshold Program with Sierra Leone. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img

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Lariba to undergo bone marrow transplant

first_imgFilipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite “Her doctors are now preparing Yanyan for her bone marrow transplant. The procedure and other medical expenses is estimated from P1.6M to P3M,” it added.READ: Rio Olympian Ian Lariba diagnosed with leukemiaFEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’Lariba had been diagnosed with Acute Myeloid Leukemia (AML), La Salle announced in May.The La Salle star was the first Filipino table tennis player to represent the country in the Summer Olympics. MOST READ LIVE: Sinulog 2020 Grand Parade Missile-capable frigate BRP Jose Rizal inches closer to entering PH Navy’s fleet Duterte’s ‘soft heart’ could save ABS-CBN, says election lawyer Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Sports Related Videospowered by AdSparcRead Next PH Olympian Ian Lariba.Rio Olympian Ian Lariba is set to undergo a bone marrow transplant even as De La Salle continued to ask for support for the ailing athlete.“Yanyan Lariba’s recent laboratory results are encouraging and she is currently undergoing consolidation chemotherapy to sustain her improving health condition,” said DLSU Sports in a tweet.ADVERTISEMENT Malacañang open to creating Taal Commission Duterte’s ‘soft heart’ could save ABS-CBN, says election lawyer View comments IT happens: Facebook sorry for Xi Jinping’s name mistranslation End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend Don’t miss out on the latest news and information. LATEST STORIES The 22-year-old paddler dominated the UAAP table tennis field in her five-year stint for the Green Paddlers where she became a three-time Most Valuable Player, Rookie of the Year in Season 74, and the UAAP Athlete of the Year in Seasons 77 and 78.READ: Athletes unite for ailing LaribaDLSU called on their community to extend financial assistance to Lariba and her family to “defray the cost of the expenses.”Donations can be sent through Mrs. Imelda N. Lariba by making deposits to the following savings accounts: BDO 870-007-459 and UCPB 104120046272. –Rogelio Jr Nato, INQUIRER.net internADVERTISEMENT 787 earthquakes recorded in 24 hours due to restive Taal Volcano Tatum, Celtics 3-0; Summer League set for tournament stagelast_img

Nambatac pleads for help from bench as Knights’ woes continue

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PH duo enter semis in squash women’s doubles

first_imgLATEST STORIES The two easily ousted the Thais despite Dalida’s health issues. Dalida played with a strained right hand.The semis matchup against the hometown bets is on Tuesday, 8 p.m.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’The men’s team, however, wasn’t so fortunate as Reymark Begornia and Robert Garcia were ousted by Ong Sai Hung and Mohd Farez Izwan of Malaysia, 11-2, 11-6. 2 nabbed in Bicol drug stings Vilma Santos, Luis Manzano warn public of fake account posing as her MOST READ Teen gunned down in Masbate 787 earthquakes recorded in 24 hours due to restive Taal Volcano Sports Related Videospowered by AdSparcRead Next View comments The Filipino duo of Jemyca Aribado and Yvone Alyssa Dalida entered the women’s doubles semifinals in squash after beating the Thai tandem of Suviva Kitvijarn and Tuddaw Thamronglarp, 11-4, in the 29th Southeast Asian Games Tuesday.Aribado and Dalida, who drew a bye in the round of 16, arranged a duel with Malaysia’s Chan Yiwen and Nazihah Haris in the semis.ADVERTISEMENTcenter_img 787 earthquakes recorded in 24 hours due to restive Taal Volcano Albay to send off disaster response team to Batangas National Historical team rescues Amorsolos, artifacts from Taal Marcosian mode: Duterte threatens to arrest water execs ‘one night’ OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Don’t miss out on the latest news and information. Trending Articles PLAY LIST 00:50Trending Articles02:11SEA GAMES 2019: PH’s Nesthy Petecio boxing featherweight final (HIGHLIGHTS)08:07Athletes treated to a spectacle as SEA Games 2019 officially ends06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold05:02SEA Games 2019: Philippines clinches historic gold in women’s basketball05:21Drama in karate: Tsukii ‘very sad’ over coach’s bullying, cold shoulder03:24PH’s James Palicte boxing light welterweight final (HIGHLIGHTS) SEA Games: PH fencers add 1 gold, 2 silvers, 1 bronze to medal haullast_img

Del Potro stuns Federer at US Open

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