Incorporated on March 2, 1998, LGU Guarantee Corporation (LGUGC) is a private financial credit guarantee institution owned by the Bankers Association of the Philippines (38 percent), Development Bank of the Philippines (37 percent) and Asian Development Bank (25 percent).
Its primary goal is to make private financial resources available to creditworthy local government units (LGUs) through its credit guarantee. LGUGC’s credit enhancement facilitates the entry of LGUs with infrastructure development projects in the capital market.
Recently, LGUGC extended its guarantee services to water districts, electric cooperatives, state universities and colleges, and renewable energy technology projects.
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