Today is: Sat, May 25, 2013
US, Cagayan de Oro Launch Cities Development Initiative
CAGAYAN DE ORO CITY – United States Agency for International Development Mission Director Gloria D. Steele and Cagayan de Oro City Mayor Vicente Y. Emano signed a Memorandum of Understanding to launch the U.S. Agency for International Development’s Cities Development Initiative in Cagayan de Oro. U.S. Ambassador Harry K. Thomas, Jr., Department of Trade and Industry Undersecretary Zenaida Maglaya and Department of Interior and Local Government Undersecretary Austere Panadero witnessed the signing.
In his remarks, U.S. Ambassador Harry K. Thomas, Jr. said, “The Cities Development Initiative is our contribution to Cagayan de Oro’s commitment to grow its economy so that more people can benefit from education, from health, and from business opportunities while still taking care of the environment. We will partner with government, the private sector and civil society to ensure our programs have a positive impact. This initiative is just one of many facets of the U.S.-Philippines Partnership for Growth, which is working hard every day to encourage inclusive and sustainable economic growth here.”
The U.S.-Philippines Partnership for Growth is helping the Philippines achieve its high growth potential by supporting a more transparent, predictable, and consistent legal and regulatory regime; fostering a more open and competitive business environment; strengthening the rule of law; and strengthening fiscal stability.
Cagayan de Oro is the third Cities Development Initiative partner. The other two cities participating in the Initiative are Batangas City and Iloilo City.
The American people, through the United States Agency for International Development, have provided economic and humanitarian assistance worldwide for over 50 years. In the Philippines, USAID works in partnership with the national government in creating a more stable, prosperous and well-governed country through programs that promote broad-based and inclusive economic growth, increase peace and stability in Mindanao, and reduce risks from natural disasters. For more information about USAID’s programs in the Philippines, please visit http://philippines.usaid.gov.