IGLF

AcronymDefinition
IGLFIndustrial Guarantee and Loan Fund
IGLFIssa and Gurgura Liberation Front (Ethiopia)
References in periodicals archive ?
With the consolidation, the PhilExim's authorized capital stock will be increased from P10 billion to P50 billion and the equity contributions of the national government to the HGC, IGLF and AGFP will be transferred to the PhilExim to form part of its paid-up capital.
'The merger of the HGC and PhilExim, with the PhilExim as the surviving entity, and the transfer of the guarantee functions, funds and programs of the SBC, and the administration of the AGFP and IGLF to the PhilExim, are in accordance with the goal of ensuring sound macroeconomic policy through fiscal, monetary and trade policies that will work towards stability, inclusivity, competitiveness and resiliency of the economy under the Philippine Development Plan 2017-2022,' the EO said.
With the consolidation, the PhiIEXIM's authorized capital stock will rise from P10 billion to P50 billion and the equity contributions of the national government to the HGC, IGLF and AGFP will be transferred to the PhiIEXIM to form part of its paid-up capital.
Under the Department of Agriculture's supervision, the AGFP is intended to mitigate risks involved in agriculture lending and facility credit in the agriculture sector, while the Development Bank of the Philippines-supervised IGLF provides relending and guarantee facilities for SMEs.
The AGFP, presently under the supervision of the Department of Agriculture, is intended to mitigate the risks involved in agriculture lending while IGLF is a relending and guarantee program established in 1952.
Under EO 58, the authorized capital stock of the PhilExim will be increased from P10 billion to P50 billion, while the equity contributions of the national government to the HGC, IGLF and AGFP will be transferred to the PhilExim to form part of its paid-up capital.
At present, the DA oversees AGFP; IGLF is under the Neda; HGC under HUDCC; SB Corp.
(HGC) and transferred the guarantee functions of the Small Business Corporation (SBC) and administration of the Agricultural Guarantee Fund Pool (AGFP) and Industrial Guarantee and Loan Fund (IGLF) to PhilExim.