The Overseas Filipino Countryside Development Fund – Local Government Bonds

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Local Government Unit Bonds (LGU Bonds) are a way for the country’s towns, cities and provinces to raise funds for needed infrastructure and income-generating projects. Some priority projects identified are mass housing, mass transport systems, ferry terminals, slaughterhouses, waste disposal systems. Diaspora investors earn from the interest on the bonds, as well as can overlook local governments’ performance closely.

Results

processing

Activities

•    Identify hometown projects
•    Projects are evaluated
•    Formation of associations of investors’ consortium
•    Monitoring and evaluation

OrganisationERCOF
Organisation typeNGO
Sector(s)
  • Capital investment (Business/SME)
Countries
  • Philippines
Region(s)
  • South East Asia
Websitewww.ercof.com
Partnerships

• Local government units
• migrant investors
• migrant associations

Financial contributors

Challenges

Finance

Funding

Partnering for addtional finances
Ercof (NGO) cooperates with the local government and the Diaspora to both create investment opportunities for the Diaspora, as well as raise funds for local development through established partnerships.