SECTOR: Agriculture
SONA YEAR: 2022
Issue executive order for one-year moratorium on payment of land amortization and interest payments
PROMISE STATUS - DATE: Fulfilled as of 07/17/2023
- On Sept. 14, 2022, Marcos signed Executive Order (EO) No. 4 imposing a one-year moratorium on land amortization and interest payments of agrarian reform beneficiaries (ARBs) for agricultural lands distributed under the Comprehensive Agrarian Reform Program.
- On Sept. 29, 2022, Agrarian Reform Secretary Conrado Estrella III and Land Bank of the Philippines President and CEO Cecilia Borromeo signed a joint administrative order providing the implementing rules and regulations for EO 4. Estrella said that over half a million ARBs are expected to benefit from the one-year moratorium.