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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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ADMINISTRATIVE ORDERS
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ADMINISTRATIVE ORDER NO. 86 -
CREATING THE NATIONAL CREDIT COUNCIL
WHEREAS, it is well recognized that credit
is a vital tool for countryside development;
WHEREAS, current efforts have emphasized, in particular, the role of
credit in poverty alleviation and people empowerment;
WHEREAS, there exists at present a number of government-based credit
and guarantee programs which are diversely managed and implemented;
WHEREAS, the Social Pact on Credit, forged and established by a broad
alliance of government, non-governmental, and people's organizations
concerned with credit delivery to the countryside, recommended the
rationalization of these programs, especially as they cater to small
farmers and other rural workers, fisherfolk, urban poor, and small
entrepreneurs via a rationalization mechanism.
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by
virtue of the powers vested upon me by law, hereby order:
Section 1.
Department
of Agriculture (Agricultural Credit Policy Council)
Department of Agrarian Reform
Department of Environment and
Natural Resources
Department of Finance
Department of Trade and
Industry/Small and Medium
Enterprises Development Council
Bangko Sentral ng Pilipinas
Land Bank of the Philippines
Philippine National Bank
Philippine Deposit Insurance
Corporation
Presidential Council on
Countryside Development
Presidential Commission to Fight
Poverty
Cooperative Development Authority
Congress Planning and Budget
Office
Bankers Association of the
Philippines
Rural Bankers Association of the
Philippines
Chamber of Thrift
Banks/Development Banks Assn.
BANGKOOP
Representative, Cooperative
Federation/Assn.
Representative, Social Pact
Alliance
The following agencies shall
also sit as ex-officio members:
Government Service Insurance
System
Social Security System
Home Developmental Mutual
Fund/PAG-IBIG
The heads of the Department of Finance and of the Land Bank of the Philippines shall serve as Chairperson and Co-chairperson respectively, of the Council. The Vice-Chairmen are the Chairman of the Presidential Commission on Countryside Development and the President of the Bankers Associations of the Philippines.
Sec. 2.
a.
b.
c.
d.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
Sec. 7.
Done in the City of Manila,
this 8th day of October in the year of Our Lord, nineteen hundred and
ninety three.
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Since 19.07.98.