Philippine President Gloria Macapagal Arroyo (center), Ambassador Kristie Kenney (second, left), and Philippine National Economic and Development Authority Officer-in-Charge, Augusto Santos (second, right) witness USAID Mission Director, Jon D. Lindborg (far left) and Mindanao Economic Development Council (MEDCO) Chairman, Virgilio L. Leyretana (far right) sign the Mindanao Peace and Development (MPAD) Agreement at Malacaņang Palace on September 19, 2007. The U.S. pledged $190 million over a five-year period to promote economic development and strengthen the foundations of peace in the southern Philippines' Mindanao region. Together, USAID and MEDCO will oversee the implementation of activities under the MPAD agreement.