💰 U.S. grants Philippines $100 million in foreign military financing

TL;DR

The new military financing underscores improved defence ties between the treaty allies under President Ferdinand Marcos Jr, whose predecessor, Rodrigo Duterte, shifted his country's foreign policy away from the United States to pursue warmer ties with China."The United States has now made available $100 million in foreign military financing in part for the Philippine military to use as it wishes," Ambassador MaryKay Carlson told a media briefing aboard the USS Ronald Reagan, which was on a scheduled port call in Manila.The Philippines is by far the largest recipient of U.S. military assistance in the Indo-Pacific region, having received$1.14 billion worth of planes, armoured vehicles, small arms, and other military equipment and training from 2015 to 2022.President Marcos, who met his U.S. counterpart Joe Biden last month, said in a speech read by a foreign ministry official at Friday's briefing that he welcomed the visit of USS Ronald Reagan, and reiterated he was committed to maintaining peace and stability in the South China Sea.The port call, the first in three years, by the nuclear-powered warship leading a carrier strike group, followed its participation in joint maritime exercises between the United States and South Korea."

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