Agricultural Credit Policy Council (ACPC)
Featured Partner Institution
The Agricultural Credit Policy Council (ACPC) was created in 1986 under Executive Order (EO) 113 to assist the Department of Agriculture (DA) in synchronizing all credit policies and programs supporting the latter’s priority programs. It was mandated to review and evaluate the economic soundness of all ongoing and proposed agricultural credit programs, whether for domestic or foreign funding, prior to approval. Also, the ACPC was tasked to undertake measures to increase its fund base and adopt other liquidity interest stabilization and risk cover mechanisms for its various financing programs.
In 1987, the ACPC became an attached agency of the DA through EO 116. In the same year, it was assigned to administer the Comprehensive Agriculture Loan Fund through DA Administrative Order 5. In 1992, Republic Act (RA) 7607 or the Magna Carta of Small Farmers expanded ACPC’s role by assigning it to conduct institutional capacity-building programs and develop special projects to promote innovative financing schemes for small farmers. ACPC also did advocacy of rural and agricultural finance policies and programs.
In 1996, the Agriculture and Fisheries Modernization Act (AFMA) (RA 8435) paved the way for ACPC to carve its niche in a liberalized and globalized environment. In support of AFMA, the ACPC was tasked to facilitate the phase-out of all agricultural-directed credit programs (DCP) and develop the design of a globalized agricultural credit scheme called the Agro-Industry Modernization Credit and Financing Program (AMCFP), and act as administrator of the said program. The ACPC oversees the administration of the AMCFP Fund, including the DCP funds, and ensures the adequate flow of funds to the DA’s priority sectors and intended clients.
Today, with its ongoing involvement in policy/action research and institution-building, ACPC continues to help the government develop and implement strategies and policies that increase and sustain the flow of credit to agriculture and fisheries, improve the viability of farmers and fisherfolk, support agriculture modernization, food security, and poverty alleviation.
ACPC is headed by Executive Director Jocelyn Alma R. Badiola.
To access ACPC studies, click here.
To know more about it, click here.
