When President Obama took office, the world was in the midst of a food, fuel and financial crisis that brought millions of people to the brink of poverty. In 2007 and 2008, food prices hit all-time highs, putting basic staples such as rice and wheat beyond the reach of the world’s most vulnerable populations. President Obama acted to focus the world on food security and give millions of people a pathway out of hunger and extreme poverty.
The Arangkada Philippines Project (TAPP) is a four-year, Php41 million ($1 million) project – with additional funding from AmCham – started on September 5, 2012, and addresses the PFG intervention theme of regulatory quality is a cooperative agreement with the American Chamber of Commerce of the Philippines, Inc. (AmCham). It aims to enhance growth of key economic reform sectors, conduct research into economic reforms and advocates for reforms to create a better business environment and strengthen the investment climate.
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.
Last updated: September 23, 2014