DBP Chairman Jose A. Nunez and DBP President and CEO Gil A. Buenaventura lead multi-sector governance council members in an oathtaking ceremony at the DBP Development Forum.

DBP Chairman Jose A. Nunez and DBP President and CEO Gil A. Buenaventura lead advisory council members in an oath-taking ceremony at the DBP Development Forum.

The Development Bank of the Philippines (DBP) convened its development forum last December 3, 2014 to engage its management committee and branch heads from all over the country in discussions about good governance practices and the organization’s plans for 2015.

In line with its vision to be a “regionally recognized development financial institution serving as a catalyst for a progressive and prosperous Philippines”, the group discussed different ways that it could provide better service for the development sector. One initiative was to expand the access to loans for local government units, water districts, and electric cooperatives. Whereas most private banks will rate all organizations using the a unified scale regardless of sector, DBP developed its own scale, the Internal Credit Risk Rating System, which prioritizes development sector organizations.

DBP Chairman Jose A. Nunez, Jr. and President Gil A. Buenaventura also presented the organization’s 2015 plans before prominent figures in the finance and development world, including Institute for Solidarity in Asia Fellow Francis Estrada, Secretary General of the Association of Development Financing Institutions in Asia and the Pacific Octavio Peralta, President of the League of City Mayors Hon. Oscar Moreno, and Peñaranda City Mayor Hon. Ferdinand Abesamis. Together, these personalities form DBP’s advisory council, a citizen advisory board on good governance initiatives.

For more information on DBP’s governance program visit https://www.devbnkphl.com/.

To contact the writer of this story, send an email to MJ Castro at news@isacenter.org.