LANDBANK kicks off LGU forum

Tuesday, October 16, 2018

[clockwise] 1) LANDBANK Executive Vice President Joselito Gutierrez welcomed participants to the first leg of the LANDBANK LGU Forum series, held in Baguio City. 2) LANDBANK officers, led by EVP Gutierrez, both from the head office and North Luzon field units attended the forum. 3) NEDA-CAR Director Milagros Rimando discussed the role of LGUs in the attainment of the national government’s Medium Term Development Plan 4)Participants from various LGUs in North Luzon talked about their LGUs’ needs and how LANDBANK can help them address these during the LGU Forum’s breakout session.

LANDBANK kicked off a series of LGU forums for 4th to 6th class municipalities in various provinces nationwide last Friday, October 12. The first was held in Baguio City and was attended by more than 100 local officials from three regions in Northern Luzon.  

Aiming to further expand its reach and strengthen its partnership with its allies in countryside development, LANDBANK gathered local officials from 34 municipalities in Region 1, Region 2, and the Cordillera Administrative Region.

The LANDBANK LGU forum is designed to guide and assist LGUs in optimizing their resources and exploring new avenues that could fuel growth in their local economy.

LANDBANK also introduced its programs available for LGUs that can help finance their development projects. One of these is the LANDBANK Omnibus Term Loan Facility, designed to finance local infrastructure and other socio-economic development projects – ranging from hospitals and schools, to flood, sanitation, and waste management programs.

“At LANDBANK, we believe that local government is the biggest, if not the most integral, link between communities and the national government. This is why, over the years, we have worked closely with this sector in implementing development projects that benefit their constituents, and the countryside as a whole,” said LANDBANK Executive Vice President Joselito Gutierrez, who heads the Bank’s Agricultural and Development Lending Sector.

Showcased during the forum was the best practices of an LGU assisted by LANDBANK in crafting their comprehensive development framework, which they used as guide in implementing their development programs. 

LANDBANK also invited resource speakers from the National Economic and Development Authority (NEDA) and the Department of the Interior and Local Government (DILG).

NEDA-CAR Director Milagros Rimando discussed the country’s Medium Term Development Plan and the important role of LGUs in promoting economic development and nation-building.

Florinda Garcia of DILG-CAR, meanwhile, talked about the Seal of Good Local Governance – a coveted recognition for LGUs with exemplary performance in financial housekeeping, disaster preparedness, social protection, business-friendliness and competitiveness, peace and order, and environmental management.

Attendees of the first LANDBANK LGU forum came from 12 provinces in the North. They represented Abra, Apayao, Ifugao, Kalinga, and Mt. Province in CAR; Ilocos Norte, Ilocos Sur, La Union, and Pangasinan in Region 1; and Cagayan, Isabela, and Batanes in Region 2.

LANDBANK is also set to conduct two more legs of the LGU Forum before the year ends – one in Leyte (November) and one in Palawan (December).

The Bank remains the biggest provider of development financing to LGUs nationwide. As of end-August 2018, outstanding loans for the development projects of LGUs reached P46.8 billion. These helped finance public markets, schools, hospitals, farm-to-market roads, access roads and bridges, municipal halls, sanitary landfills, and other development projects.