By Kit Bagaipo
The Bohol Chronicle
There is another piece of good news for Boholanos as the Department of Finance has announced recently the inclusion of the province among the areas selected by a United States government funding company to receive much-needed monetary aid for various developmental projects.
In a letter to Gov. Erico Aumentado, Finance Secretary Margarito Teves said that representatives of the Millennium Challenge Corporation (MCC), which was established by the US government to work with some of the poorest countries in the world, is visiting the province "to witness firsthand the economic and social condition" of our localities.
Last month, the MCC has elevated the the Philippines as one of the "Compact Status countries" in recognition of the government's commitment to promote political and economic freedom, investments in education and health, control of corruption and respect for civil liberties and the rule of law.
The MCC provides two different kinds of monetary assistance - Compact and Threshold.
A Compact is a multi-year agreement between the MCC and an eligible country to fund specific programs targeted at reducing poverty and stimulating economic growth.
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