TREASURERS and assessors from earthquake-affected areas in
Mindanao have been directed to immediately submit damage reports to determine
rehabilitation
financing requirements.
This was disclosed by Finance Secretary Carlos G. Dominguez III in a Viber message to journalists last Friday.
Dominguez said the Department of the Interior and Local Government and the Department of Social Welfare and Development “have funds and goods for immediate release for disaster relief for the victims.”
He said the assessment of damages to government infrastructure and buildings “should take a week or so” but is “a bit longer” for private properties.
Dominguez said the Social Security System, the Government Service Insurance System, Philippine Guarantee Corp. and the Pag-IBIG Fund, or the Home Development Mutual Fund, “will develop programs to assist [the victims].”
The chief of the Department of Finance added that the Land Bank of the Philippines has a calamity rehabilitation
support program. These state-owned agencies are under the DOF.