ULAP-LBP Joint Launching of RISE UP LGUs Lending Program
The Union of Local Authorities of the Philippines (ULAP) conducted its Expanded National Executive Board (NEB) 3rd Special Online Meeting and Joint Launching of RISE UP LGUs Program: “Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs”, on 29 July 2020, Wednesday, from 02:00pm to 05:00pm via Zoom Application.
The RISE UP LGUs is a lending program of Land Bank of the Philippines (LBP) to support LGUs in their implementation of their economic stimulus plan aimed at reviving the local economy in the aftermath of the COVID 19 pandemic.
Under the program, LBP can provide financing for infrastructure, and market development to link agricultural products to the market, support for social welfare and health care services and other projects that provide basic and support services for local enterprise.
A Memorandum of Understanding (MOU) was executed to forge the partnership between LBP, ULAP, LPP, LCP and LMP.
Present in the MOU signing are the following: ULAP President and LPP Chairperson Gov. Dakila Carlo 'Dax' Cua, ULAP Chairman and LPP President Gov. Presbitero Velasco, LCP Sec.Gen Mayor Arnan Panaligan (representing ULAP Vice President and LCP President Mayor Evelio Leonardia), ULAP Vice President for Luzon and LMP President Mayor Luis 'Chavit' Singson, and LBP President and CEO Cecillia Borromeo.
