DBP execs endorse P600-M loan of AC gov’t for COVID-19 vaccines

Posted on January 27, 2021 by Admin

ANGELES CITY — Development Bank of the Philippines (DBP) officials favorably endorsed the P600 million loan of the Angeles City Government, allotted for the COVID-19 vaccines intended for the city's 411,634 residents.

Mayor Carmelo “Pogi” Lazatin, Jr.’s Chief Adviser and Tactician IC Calaguas has submitted the city government’s requirements for the loan.

Calaguas had a meeting with the DBP officials — Francis Thaddeus L. Rivera, Head, Branch Banking Group Central Luzon; Ryanna T. Bulatao, Head, Clark Branch; Lizel S. Lapuz, Head, Pampanga Lending; and Lani Q. Sumaway, Account Officer, Pampanga Lending Center on January 27.

An alternative plan was made by Mayor Lazatin when the initial plan to request an additional P50 million from the Department of Health (DOH) was not approved, since “transfer of funds to local government units is not applicable under these circumstances.”

Earlier, Mayor Lazatin has already allocated P25 million for the purchase of COVID-19 vaccines.

“Ginagawa lamang po natin ito para sa kaligtasan ng bawat isang Angelen?o. Hangad natin na mabigyan po lahat ng libreng bakuna laban sa virus na ito,” Mayor Lazatin reiterated.

He then thanked the DBP officials for extending a hand to the city government in pursuit of procuring enough number of vaccines for the residents of Angeles City.

It can be recalled that Calaguas mentioned during her interview via Brigada News FM on January 26 that the city government has a P2.9 billion net borrowing capacity.

“Ibig pong sabihin kayang-kaya ng siyudad na bayaran ang P600 million loan para sa mga bakuna,” Calaguas explained. ---Photos by Jojo Due