Connect with us

Hi, what are you looking for?

Economy

USAID, DepEd sign P4.8-B deal to improve education system

THE United States Agency for International Development (USAID) and the Department of Education (DepEd) have signed a P4.8-billion assistance agreement to improve the education sector, the US Embassy in the Philippines said in a statement Thursday.

Lawrence Hardy II, USAID Philippines mission director, said the new bilateral deal “marks a new era in our longstanding partnership” to achieve quality education.

“These programs will strengthen Philippine institutions to provide quality education.  They also recognize the important and unique contributions the private sector and civil society bring to partnerships in achieving better education results,” he was quoted as saying in the statement.

The five-year agreement will “continue and deepen” the US commitment to help out-of-school youth, the embassy said, by improving literacy rates, math competency, social skills, and employment and life skills for out-of-school youth, as well as strengthen education governance, it added.

The agreement is one of the four new assistance agreements with the US signed in 2020 and 2021 totaling about P32.7 billion over five years.

The other agreements signed were with the Health department, to improve the health system, the Department of Finance, to develop the economy, and the National Economic and Development Authority, in aid of protecting the environment.

The US Embassy said the US has provided about P228.8 billion worth of assistance to the Philippines in the past 20 years. — Vann Marlo M. Villegas

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

Lowering VAT charges on fuel may be politically attractive but is not good news for those who will struggle the most, say leading tax...

Investing

An estimated 3 per cent of the workforce was signed off in late December and a fifth of businesses reported increased cancellations amid the...

Investing

Mark Zuckerberg could be forced to pay most British Facebook users about £50 each if a landmark legal action alleging that the site abused...

Investing

France has reopened its borders to British tourists after ministers in Paris eased restrictions on non-essential travel. From this morning, Britons travelling to the...

Investing

People struck down with the Omicron variant of the coronavirus are buying so much paracetamol that supplies are running low in many shops. Official...

Investing

Covid Passports are to be abandoned within days after Sajid Javid effectively killed off the policy. The health secretary has concluded that Covid-19 certification...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.