U.S. Trade and Development Agency
1000 Wilson Boulevard, Suite 1600 * Arlington, Virginia 22209
Telephone (703) 875-4357 * Fax (703) 875-4009
FOR IMMEDIATE RELEASE: MEDIA INQUIRIES:
USTDA GRANT SUPPORTS MODERNIZATION
OF FISCAL MANAGEMENT OPERATIONS IN THE PHILIPPINES
Pictured here are the participants in the USTDA grant signing ceremony. Seated (left to right) are: Commercial Counselor Judy Reinke, Ambassador Kenney, DBM Secretary Andaya, and DBM Assistant Secretary Mariliza Reyes. Standing (left to right) are USAID Bob Wuertz, Congresswoman Maria Amelita Villarosa, and DBM Undersecretary Mario Relampagos.
MANILA (September 26, 2006) - Improving and modernizing fiscal management operations and systems to provide timely information to decision makers in the Philippine national government is the goal of a USTDA technical assistance grant awarded today to the Philippine Department of Budget and Management (DBM). The $274,000 grant will be used to support DBM’s multi-phase information technology (IT) system modernization program to address its key challenges in managing budget allocations and automating fiscal reports.
The grant was conferred during a signing ceremony held at the U.S Embassy in Manila. U.S. Ambassador Kristie Kenney and DBM Secretary Rolando Andaya Jr. signed the grant agreement on behalf of the U.S. and Philippine Governments, respectively.
The Government of the Philippines has expressed a strong commitment to modernizing and enhancing its budget management information systems through aggressive legislation and administrative measures. The USTDA grant will support these efforts by helping to bring DBM’s systems and operations in line with international best practices. The USTDA-funded technical assistance will assist the DBM in identifying process improvements and system needs for the procurement of necessary software and hardware. In addition, it will include a workshop where U.S. Government officials and industry representatives will share experiences with the DBM in implementing financial management system projects.
The opportunity to provide the technical assistance to DBM under the grant awarded today will be competed on the Federal Business Opportunities website at www.fedbizopps.gov. Interested U.S. firms should submit proposals according to the instructions contained in the Federal Business Opportunities announcement. DBM will select the U.S. contractor that will provide the assistance.
The U.S. Trade and Development Agency advances economic development and U.S. commercial interests in developing and middle-income countries. The agency funds various forms of technical assistance, early investment analysis, training, orientation visits and business workshops that support the development of a modern infrastructure and a fair and open trading environment. USTDA’s strategic use of foreign assistance funds to support sound investment policy and decision-making in host countries creates an enabling environment for trade, investment and sustainable economic development. In carrying out its mission, USTDA gives emphasis to economic sectors that may benefit from U.S. exports of goods and services.