The Millennium Challenge Corp. (MCC) and the Private Sector Advisory Council (PSAC) have pledged to work together in enhancing economic ties between the United States and the Philippines.
In a meeting recently, Alice Albright, MCC chief executive officer and Sabin Aboitiz, PSAC strategic convenor reaffirmed their dedication to fostering economic growth and poverty reduction through collaborative endeavors between governments and the private sector.
The MCC is recognized for its time-limited grants aimed at promoting economic growth and institutional strengthening in partner countries.
Albright emphasized the significance of comprehending and addressing the primary challenges faced by the nation, marking the beginning of an earnest listening process.
Aboitiz echoed the sentiment of collaboration and consultation as vital elements for progress.
During the meeting, MCC Philippine director Sarah Olmstead stressed the significance of working closely with Philippine counterparts to identify key policy areas for support.
Olmstead highlighted the collaborative nature of their objectives, aiming to empower local leadership in driving impactful change.
PSAC comprises business leaders and experts across six main sectoral groups: agriculture, digital infrastructure, healthcare, infrastructure, jobs and tourism.
