President Ferdinand Marcos Jr. has issued an executive order transferring the Philippine Crop Insurance Corp. (PCIC) back to the Department of Agriculture (DA).
President Ferdinand Marcos Jr. has issued an executive order transferring the Philippine Crop Insurance Corp. back to the Department of Agriculture .To recall, in September 2021, then-President Rodrigo Duterte transferred the PCIC under the supervision of the Department of Finance in order to effectively perform its mandate of providing insurance protection to farmers.Nearly three years later, Marcos signed Executive Order No.
”Despite returning the PCIC to the Agriculture Department, the President deemed that it is no longer necessary for the Agriculture chief to get one of the seven seats on the state crop insurer’s board.Marcos also removed the seats of the Finance chief and of the Government Service Insurance System in the PCIC board.Meanwhile, the presidents of PCIC and Land Bank of the Philippines will keep their seats on the crop insurer’s board.
Ferdinand Bongbong Marcos Jr EO 60
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