September 24, 2010
Millennium Challenge Corporation (MCC) Chief Executive Officer Daniel Yohannes and Philippine Secretary of Finance Cesar Purisima today signed a five-year economic development compact granting $434 million to the Philippines for investments in roads, community development projects, and improvements to the country’s Bureau of Internal Revenue. U.S. Secretary of State Hillary Rodham Clinton and President of the Philippines Benigno Aquino III presided at the signing held at the Waldorf Astoria Hotel in New York City.