37917-014: PHI: EQUITY INVESTMENT IN LGU GUARANTEE CORPORATION (LGUGC)

Project Data Sheet (PDS): Overview


Description

LGUGC is a private corporation incorporated on 2 March 1998 to guarantee loans or bonds issued by local government units (LGUs) to finance revenue-generating projects. The LGUGC credit guarantee serves to protect private financial institutions (PFIs) and other investors against a payment default by LGUs. LGUGC is the first and only company, under the supervision of Bangko Sentral ng Pilipinas (BSP) that provides this service in the Philippines. LGUGC is owned by a consortium led by the ... Read More

Country Philippines
Borrower/Equity Investment Name
Project Number 37917-014
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7193
Approval Date 19 Jan 2004
Geographical Location Makati City
Sector Finance
Subsector Finance sector development
Safeguard Categories Environment: FI

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Responsible ADB Officer
Paul Robert Flegler
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Financial Institutions Division

PDS Creation Date
22 Aug 2006

Last PDS Update
15 Sep 2014

SEARCH/BROWSE PROJECTS