IGLF Partner Agencies
  • The BSP is the central bank of the Philippine Republic. The BSP provides policy directions in the areas of money, banking and credit. It supervises operations of banks and exercises regulatory powers over non-bank financial institutions with quasi-banking functions. The BSP was established on July 3, 1993 and took over from the Central Bank of the Philippines, which was established as the country’s central monetary authority on January 3, 1949. The agency’s representatives in IGLF come from BSP’s Monetary Operations Sub-Sector and the Department of Loans and Credit.

  • Development financing institutions play a pivotal role in the quest for sustainable growth and development. At the helm of the country’s march toward progress is the Development Bank of the Philippines. As the pre-eminent development financial institution in the country, DBP’s core mandate is to influence and accelerate sustainable economic growth through provision of resources for the continued well-being of the Filipino people. Under its charter, the DBP is classified as a development bank principally focused on providing banking services for the medium and long-term funding needs of agricultural and industrial enterprises, preferably Micro, Small & Medium industries in the countryside to spur broader economic development.

  • The DoF is the government’s steward of sound fiscal policy. It formulates revenue that will ensure funding of critical government programs that promote welfare among the Filipino people and accelerate economic growth and stability. It is faced with the critical tasks of revenue generation, resource mobilization, and fiscal management. The Department is bound by duty to be ready with the funds that will allow the government to provide the Filipinos with infrastructure, education, health and other basic services.

  • The DTI is responsible for realizing the country’s goal of globally competitive and innovative industry and services sector that contribute to inclusive growth and employment generation. Pursuant to Philippine Development Plan (PDP) 2011-2016, the agency endeavors to improve the business environment, increase productivity and efficiency, and enhance consumer welfare. The DTI is represented in the IGLF by technical staff from the Bureau of Small and Medium Enterprise Development (BSMED), the bureau that is mandated to promote and develop MSMEs in the country. The BSMED initiates and implements programs and projects addressing the needs of MSMEs in matters concerning enterprise and entrepreneurship development, institutional strengthening, and productivity improvement. It is also tasked to review and formulate policies and strategies geared towards the advancement of MSMEs.

  • The NEDA is the country’s primary social and economic development and policy coordinating body. Its powers and functions reside in the NEDA Board composed of the President as chairman, the Secretary of Socioeconomic Planning as vice-chairman, and other cabinet members. The NEDA Secretariat, headed by the Secretary of Socioeconomic Planning as its Director-General, is regarded as the authority in macroeconomic forecasting, and policy analysis and research. It provides high-level advice to the Congress and the Executive Branch. The IGLF is owned by the Republic of the Philippines through the NEDA. The Governing Board (GB) acts as the policy-making body of IGLF and is chaired by the NEDA Director-General. The Technical Advisory Group evaluates proposals for possible funding under the IGLF Grant for Research and Promotion, and recommends IGLF policies for adoption by the GB.

  • The UP ISSI is a research and extension unit of the National University. The Institute was established in 1966 as a joint project between the Royal Government of Netherlands and the Philippine Government. It became an organic unit of the University of the Philippines in 1969 with the enactment of Republic Act 6041. The UP ISSI is mandated to carry out the following activities: train competent people to a level where they will able to assist existing small-scale industries to increase productivity, and to promote and develop new ones; provide consultancy and extension services to micro, small and medium-sized entrepreneurs; and conduct entrepreneurial and industry level research. For five decades, the UP ISSI continues to perform its mandate of providing MSMEs with innovative training that will empower them to rise above the challenges of the changing business landscape.