First Review of Afghanistan s Economic Reform Program under Extended Credit Facility Successfully Completed wadsam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wadsam.com Daily Mail and Mail on Sunday newspapers.
REUTERS
THE PHILIPPINES is looking to secure grants from the United Kingdomâs £34-million (P2.3-billion) cross-government prosperity fund for capital market development programs and green energy initiatives.Â
Finance Secretary Carlos G. Dominguez, III and UK Ambassador to the Philippines Daniel Pruce on Monday signed a memorandum of understanding for the Philippinesâ participation in the UK Cross-Government Prosperity Fund for the ASEAN Economic Reform Program and the ASEAN Low Carbon Energy Program.
The fund will also benefit other Association of Southeast Asian Nations (ASEAN) countries, namely Indonesia, Malaysia, Myanmar, Thailand and Vietnam.
The UK government allocated £19-million for the six ASEAN countries to âdevelop their respective capital markets, encourage improvement in their accounting standards, and expand the use of financial technology.â