Over the years, Spain has been an important ally, contributing to our trade growth. Spain and the rest of the European Union support our initiatives, particularly the Build, Build, Build program, which I will be talking in detail. The Philippines has successfully managed the COVID-19 health crisis on the back of strong fundamentals built through decades of structural reforms and sound macroeconomic management.
The nonprofit partnership is using a complex data-driven platform to identify targeted lowand moderate-income neighborhoods in the city, purchasing vacant properties, rehabilitating them through a local workforce development program, and converting them to rental. The ultimate goal is to ensure that the properties remain local neighborhood assets. To achieve this, the partnership is prioritizing rentals and sales to qualified local residents or nonprofits.