LGU investment facilitation deal signed by BoI, DILG

THE Board of Investments (BoI) and the Department of Interior and Local Government-Bureau of Local Government Development (DILG-BLGD) recently signed a memorandum of agreement (MOA) on investment facilitation and promotion activities for local government units (LGUs).

The MoA, signed by BoI Investments Assistance Center (IAC) executive director Atty. Raul V. Angeles and DILG-BLGD director Anna Liza F. Bonague aims to forge strong partnership between the two agencies through the conduct of investment awareness seminars and facilitation of inquiries of BoI’s clients on LGU policies, programs, and other concerns within the DILG’s jurisdiction.

“The MoA is a welcome development as this undertaking further complements the agency’s various initiatives to strategically promote the country as an investment destination of choice and generate the much-needed employment for our countrymen,” said Angeles.

Under the MoA, BoI and DILG will conduct a Local Economic and Investment Promotion Officer (LEIPO) Forum, which aims to equip LEIPOs and other LGU officers with essential information that will help them take on important roles in making municipalities more conducive for investments and doing business.

The agencies are also expected to assign staff members to coordinate with, assist, or serve as resource persons in the LEIPO forum or other identified activities.

The agreement also seeks to provide prompt and accurate service to BoI clients by upholding inter-agency information sharing and coordination through available channels, including the use of the BOI-One Window Network (OWN) portal.

BoI and DILG are among the 28 government agencies which signed the MoA to create the Investment Promotion Unit Network (IPUNet) on April 25, 2007.

IPUNet sought to complement existing efforts to facilitate and assist investors, and to further promote “the Philippines as an investment destination of choice”.