The Government Service Insurance System, the Philippine’s pension fund for public employees, is considering mobilizing resources for public-private projects through the state-run Land Bank of the Philippines and Development Bank of the Philippines. GSIS said the funding it will course through the two banks can be tapped by private firms who would undertake PPP projects. GSIS President and General Manager Robert Vergara said they expect a good return on investment from the planned facility, which would be available “sometime next year,” Business World reports.
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About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
