STATE-RUN Philippine Guarantee Corp. (Philguarantee) approved P42.3 billion worth of credit guarantee facilities to cover loans taken out by micro, small and medium enterprises (MSMEs) from banks, easing their access to credit during the economic crisis.
A P42.3-billion credit guarantee facility by state-owned Philippine Guarantee Corp. (PhilGuarantee) is expected to be availed by 46,000 micro, small and medium enterprises (MSMEs), the Department of Finance, its parent agency, said.
Home Guaranty Corporation (HGC), now the Philippine Guarantee Corporation (PhilGuarantee), gets to share its knowledge and expertise at the 7th Recognition Ceremony and Public Sector Quality and Productivity Forum conducted by the Government Quality Management Committee (GQMC) on October 24, 2019 at the Philippine International Convention Center in Pasay.
Appointed to the PhilGuarantee Board of Directors by President Rodrigo R. Duterte, Alberto E. Pascual is the president and CEO of the Corporation, an entity rising from the merger of five Philippine Guarantee Programs and Agencies (PGPAs). Following Executive Order No. 58, s. 2018, PhilGuarantee is the renamed Philippine Export-Import Credit Agency (PhilEXIM). The agency is also known as the Trade and Investment Development Corporation of the Philippines (TIDCORP).