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Executive Order No. 58, s. 2018 approving the Merger of the Home Guaranty Corporation and the Philippine Export-Import Credit Agency (Philexim), Transferring the Guarantee Functions, Programs and Funds of the Small Business Corporation, and the Administration of the Agricultural Guarantee Fund Pool and the Industrial Guarantee and Loan Fund to the Philexim, and Renaming the Philexim as the Philippine Guarantee Corporation.

Country/Territory
Philippines
Document type
Regulation
Date
2018
Source
FAO, FAOLEX
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Land consolidation Special fund Internal trade International trade
Geographical area
Asia, Asia and the Pacific, East Asian Seas, North Pacific, South-Eastern Asia
Entry into force notes
This Executive Order enters into force immediately.
Abstract

This Executive Order approves the Merger of the Home Guaranty Corporation and the Philippine Export-Import Credit Agency (Philexim), Transferring the Guarantee Functions, Programs and Funds of the Small Business Corporation, and the Administration of the Agricultural Guarantee Fund Pool and the Industrial Guarantee and Loan Fund to the Philexim, and Renaming the Philexim as the Philippine Guarantee Corporation. The HGC shall be merged with the PhilEXIM, including all its guarantee functions, programs, personnel, assets and liabilities. The PhilEXIM aiming at the agricultural and market development shall be the surviving entity in the merger. Moreover, all the guarantee-related functions, programs, funds, assets and liabilities of the SBC shall be transferred to the PhilEXIM.

Full text
English
Website
www.officialgazette.gov.ph