The Trade-Related Assistance for Development (TRADE) project is a five-year, Php524.8 million ($12.8 million) initiative directed toward improving the Philippines’ global standing in the international economy through higher levels of trade and foreign direct investment.
The Science, Technology, Research and Innovation for Development (STRIDE) is a five-year, Php1.3 billion ($32 million) program that will strengthen applied research activity in Philippine universities and industry. The project aims to create a dynamic network of researchers in universities and private companies who continuously innovate; entrepreneurs and investors who turn discoveries into products and companies; and a government supportive of initiatives that enables these partnerships to flourish.
The Scaling Innovations in Mobile Money (SIMM) Project is a two-year USAID/Philippines program under the Partnership for Growth (PFG), a White House initiative. The PFG represents a partnership between the Philippines and the United States to promote broad-based and inclusive growth.
The Philippine-American (Phil-Am) Fund is a five-year, Php984 million ($24 million), project which provides opportunities for local civil society organizations (CSOs) to devise new solutions for many of the Philippines’ development challenges.
The Judicial Strengthening to Improve Court Effectiveness (JUSTICE) Project is a five-year, Php820 million ($20 million) project started in October 2012 focusing on strengthening the rule of law and streamlining the local judicial process. JUSTICE will support reforming court procedures in order to improve judicial efficiency, decongest court dockets and reduce court delay.
The Investment Enabling Environment (INVEST) Project is a two-year, Php132.4 million ($3.23 million) project began in October 2011. It seeks to address key constraints underlying low levels of private investment in the Philippines in order to improve the local business climate.
The Integrity for Investments Initiative (i3) is a five year, Php602 million ($14.7 million) project that will support anticorruption offices, including the Office of the Ombudsman, Commission on Audit, Civil Service Commission, Securities and Exchange Commission, and the newly created Governance Commission for Government-Owned and Controlled Corporations (GCG).
The Higher Education and Productivity (HEP) Project is a three-year, Php61.5 million ($1.5 million) activity that improves the alignment of industry needs with education outcomes and strengthens industry-academe linkages. The project aims to address the skills gap and mismatch, and supply the necessary human resources to support accelerated, broad-based and inclusive growth.
The Facilitating Public Investment (FPI) Project is a Php608.2 million ($14.8 million) five-year project which addresses the PFG intervention theme of regulatory quality. The project will work with the Philippine Government addressing the tax revenue inefficiencies, tax/duty evasion issues and public spending limitations to inform the Philippines’ fiscal management of public goods and services necessary to spur private investment.
The Development Credit Authority (DCA) Loan Portfolio Guarantee (LPG) is a 10-year, Php2.46 billion ($60 million) credit guarantee program that encourages lending to businesses – predominantly small/medium enterprises (SMEs). The guarantee serves to stimulate targeted commercial investment and to increase the number of start-up SMEs in second-tier cities outside of metro Manila and surrounding regions in the Philippines.
Last updated: August 20, 2014