ADFIAP was invited by Land Bank of the Philippines to grace its simple recognition and awarding rites to honor three outstanding infrastructure projects of local government units (LGUs) in the Philippines. These three excellent projects were the same projects that had Land Bank won the 2011 ADFIAP Outstanding Development Project Awards in the infrastructure development category.
The three projects were the farm-market road projects of Abra province benefiting 27 of its municipalities, Calapan City’s state-of- the-art modern public market and Bolinao’s potable water improvement and expansion project. These development projects were financed by Land Bank under its LGU medium-term development plan funding facility.
The chief executives of these winning LGUs spoke about their experiences on how their projects came about and how Land Bank was instrumental in making their dream projects came true. Land Bank CEO Mrs. Gilda Pico highlighted the bank’s role and mandate as the country’s premier LGU funder, among its other developmental mission such as support to small farmers and fisher folks in the countryside. Also present in the event were Land Bank’s Board of Directors.
Land Bank https://www.landbank.com/ is by far the Philippines largest government-owned formal credit institution in the rural areas. Its credit delivery system is able to penetrate a substantial percentage of the country’s total number of municipalities.