$18 million alloted by Canada to help create jobs in the Philippines

The Canadian government has allotted $18 million in development assistance to help foster job creation in poor municipalities in the Philippines.

This was announced by Canadian Minister of International Trade and Minister for the Asia-Pacific Gateway Stockwell Day. “We are concluding or announcing the $18 million Canadian International Development Agency (CIDA) assistance to work with a number of municipalities to assist them in trading and enhance business atmosphere,” Day said.

He was in the country over the last weekend for the celebration of the 60th bilateral relations between Canada and the Philippines.

The Canadian trade minister said the financial would focus on poor municipal areas, particularly those hardest hit by the recent typhoons in Luzon. “It will have a ripple effect because people in those areas will have opportunities like how to incubate a small business and allow them to grow. We will monitor it and there will be corresponding jobs… geared to opening up the business climate,” Day said.

http://pinoybusiness.org/2009/11/15/18-million-alloted-by-canada-to-help-create-jobs-in-the-philippines/ 

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