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Issue executive order for one-year moratorium on payment of land amortization and interest payments

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

By vfadmin

Jul 5, 2024

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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.

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