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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 113 -
ESTABLISHING THE COMPREHENSIVE AGRICULTURAL LOAN FUND (CALF), CREATING
THE AGRICULTURAL CREDIT POLICY COUNCIL (ACPC) AND FOR OTHER PURPOSES
WHEREAS,
it is important to streamline all policies and measures on agricultural
credit in consonance with the overall-economic objectives of the
National Government;
WHEREAS, such economic objectives require that agricultural development
be pursued with greater determination through the provision of adequate
financing and other incentives;
WHEREAS, credit funds intended for agricultural and agriculture-related
purposes are presently adversely managed, and their utilization could
better be optimized if they were consolidated;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do
hereby order:
Section 1.
Sec. 2.
The Comprehensive Agricultural Loan Fund (CALF) may be augmented
through other sources such as general appropriations, loans, donations
and garments within and outside the country.
Sec. 3.
Upon the transfer of the said funds to the Comprehensive Agricultural
Loan Fund (CALF), the Ministry of Agriculture and Food (MAF) shall
assume all rights and obligations as may pertain to the administration
of the funds transferred to the Comprehensive Agricultural Loan Fund
(CALF); Provided, That the termination of the various agreements shall
not affect the obligations incurred by third parties, which obligations
shall continue to be in force and effect until such time that such
obligations are fully liquidated.
Funds involved in foreign-assisted projects may be transferred to the
Comprehensive Agricultural Loan Fund (CALF) subject to negotiations
with the respective foreign institutions concerned.
Sec. 4.
The Ministry of Agriculture and Food (MAF) shall administrative the
Comprehensive Agricultural Loan Fund (CALF): Provided, That the
Ministry of Agriculture and Food (MAF) shall in no case lend any
portion of the Comprehensive Agricultural Loan Fund (CALF) directly to
end-users, but shall continue to administer such funds through the
banking system, except in the case of the Guarantee Fund for Small and
Medium Enterprises (GFSME) and the Quedan Guarantee Fund Board (QGFB),
without prejudice to providing a guaranty system from appropriate
source. Any Comprehensive Agricultural Loan Fund (CALF) earnings may be
by the Ministry of Agriculture and Food (MAF) for agriculture projects
and agriculture-related activities including those of the Agricultural
Credit Policy Council (ACPC) as the Ministry of Agriculture and Food
(MAF) may deem necessary.
Sec. 5.
The Council shall be composed of: The Minister, Ministry of Agriculture
and Food, as Chairman; the Governor, Central Bank of the Philippines,
as Vice-Chairman; the Director-General, National Economic and
Development Authority; the Minister, Ministry of Budget and Management;
and the Minister, Ministry of Finance, as members.
The Council may call on any instrumentalities of the Government for
assistance and support in the form of human, technical and financial
resources toward the attainment of the policy of the State.
The Council shall assist the Ministry of Agriculture and Food (MAF) in
synchronizing all credit policies and programs in support of the
Ministry of Agriculture and Food’s (MAF) priority programs covering
such activities as:
a)
b)
c)
d)
e)
f)
g)
h)
The Council shall review and evaluate the economic soundness of all on-going and proposed agricultural credit programs. All proposed agricultural credit programs shall have the prior approval of the Council before submission to the approving or funding agency, whether domestic or foreign.
The Council shall review all reports and documents of all programs with agricultural credit and financing components.
The Council shall undertake measures of increasing its fund base of adopting other liquidity, interest stabilization and risk cover mechanisms for its various financing programs in consultation with the Monetary Board.
Sec. 6.
An Executive Director shall be appointed by the Council. The Executive
Director shall implement the programs, projects and decisions of the
Council as well as prepare an organizational plan and plantilla of
personnel subject to have approval of the Council.
The Council may appoint one or more Directors, who shall assist the
Executive Director in the performance of his duties.
The Council shall hire such other personnel as may be necessary for the
performance of its basis functions. All positions shall be subject to
Civil Service rules and regulations and the Office of Compensation and
Position Classification except positions which are highly technical,
policy determining, or primarily confidential.
Sec. 7.
Sec. 8.
Sec. 9.
DONE in the City of Manila,
this 24th day of December, in the year of Our Lord, nineteen hundred
and eighty-six.
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