PRESS RELEASE
17 December 2015 (WASHINGTON, DC)

The Millennium Challenge Corporation (MCC) Board of Directors unanimously re-selected the Philippines for a second compact, and recognized the country’s continuing efforts to improve its performance on MCC’s scorecard, which measures countries’ commitment to ruling justly, ensuring economic freedom and genuinely investing in their people. In 2010, the first compact provided the Philippines with US$262 million for the Secondary National Roads Development Project to improve access to markets and services for farmers, fishermen and small busines; US$120 million for Kalahi-CIDSS that empowers communities by encouraging their participation in poverty reducing activities; and US$54.3 million for the computerization and streamlining of business processes of the Bureau of Internal Revenue to bolster tax collection and reduce corruption under the Revenue Administration Reform Project.