Korea, US partner to advance dev’t priorities in Philippines

MANILA, Philippines  —  The leading development agencies of the Republic of Korea and the United States of America on Wednesday, April 7, signed a Memorandum of Understanding (MOU) to advance development cooperation in the Philippines.

Korean Ambassador to the Philippines Inchul Kim and US Embassy Chargé d’Affaires John Law joined Acting KOICA Philippines country Director Jaesang Hwang and USAID Philippines mission director Lawrence Hardy II for the MOU signing at the US Embassy in Manila.

The MOU aims to strengthen Korea-US partnership to foster sustainable development.  It builds upon a global MOU for development cooperation signed by the Korean Ministry of Foreign Affairs and USAID in Washington, DC in 2019.

Korea and the United States are among the largest bilateral donors in the Philippines.  Over the past 30 years, Korea has expanded its development assistance in both grants and budgetary support and is the second-largest development assistance donor in the Philippines.