Local government units (LGUs) are urged to tap the various financing and other technical support that the government has made available. “In addition to these credit facilities, the LGUs can deploy innovative solutions to maximize the use of their available funds,” he added. According to Dominguez, one way is for local governments to sign an agreement with the Philippine Guarantee Corp. to secure the loans they provide. I urge the LGUs to adopt digital technologies for a more responsive governance and efficient delivery of frontline services,” he added. And DBP President and Chief Executive Officer Emmanuel Herbosa presented his bank’s Rehabilitation Support Program on Severe Events, which extends financing for rehabilitation efforts of both public and private institutions.

Source: Manila Times October 28, 2020 16:27 UTC