USAid launches P1B project for SMEs

By Bernadette E. Tamayo

Jan 18, 2023 12:04 am

THE United States Agency for International Development (USAid) has launched a five-year P1 billion or $18 million partnership with the Philippine government to help small and medium enterprises (SMEs) transition into e-commerce ventures.

The US Embassy in the Philippines said the Strengthening Private Enterprises for the Digital Economy (Speed) project was launched on January 11.

Philippine government and private sector officials led by BSP Governor Felipe Medalla (fourth from left) and DTI Secretary Alfredo Pascual (sixth from left) join U.S. Ambassador MaryKay Carlson (center) and USAID Mission Director Ryan Washburn (third from right) in launching USAID’s SPEED project. Photo from U.S. EMBASSY IN THE PHILIPPINES Website

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