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Thursday, April 18, 2024

USAID donating P1b to help 30,000 MSMEs

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The United States Agency for International Development is donating P1 billion to help at least 30,000 micro, small and medium enterprises gain digital access both in the growing global and local digital market, through the Support for Private Enterprise Expansion and Development project.

US Ambassador to the Philippines MaryKay Loss Carlson said the five-year cooperation aimed to “strengthen Philippine private enterprises through coordinated efforts across all e-commerce segments and with all digital partners.”

“This partnership with the Philippine government aims to enable small and medium enterprises to participate safely reliably and competitively in the country’s emerging e-commerce ecosystem. Speed signals the US government’s strong commitment to supporting the Philippine government’s vision of a digital Philippines,” she said Wednesday at the public launch of the project in Makati City. Othel V. Campos

She also congratulated the Philippines for the recent launch of the Philippine eCommerce Alliance, a broad based private sector led coalition of business organizations, technology companies and businesses that will advocate for e-commerce development, including policy reforms and self-regulation best practices that will enable the establishment of an inclusive digital economy in the Philippines. Othel V. Campos

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