CARD MRI holds
forum on rice tariffication; vows to launch related module for its
By CARD MRI Publishing House Inc.
March 13, 2019
SAN PABLO CITY –
Implications of the financial reforms of the government were
critically addressed by the Department of Finance (DOF) through
Undersecretary Karl Kendrick Chua during the forum on financial
reform agenda of President Duterte for poverty eradication organized
by CARD Mutually Reinforcing Institutions (CARD MRI) on February 28,
2019 in San Pablo City.
According to CARD MRI
Managing Director Flordeliza L. Sarmiento, the forum aims to foster
better understanding on the financial reform agenda of the
government. “This forum is also our way of supporting the efforts of
the government and the Department of Finance, which also reinforces
our goal of poverty eradication,” added Sarmiento.
At the forum, Usec. Chua
discussed in details and highlighted the impacts of the recently
signed law, the Rice Tariffication. The said law, according to Usec.
Chua, will lift the quota restrictions on rice import that would
result in an increase of supply.
“With this tariffication,
we expect that the price of rice would decrease by P2 to P7,” said
Usec. Chua, adding the government is just making sure that the food
staple is available, accessible, and affordable at all times.
Usec. Chua also emphasized
that the law favors local farmers. “Aid will be given to our farmers
through the Rice Competitive Enhancement Fund (RCEF) to help our
farmers modernize and advance the quality of their rice,” he added.
Aside from the financial
and technology support, the law will also provide literacy program
and capacity building to farmers to ensure that the farmers are
capable of coping with the competition.
Vouch of support
One of the crucial
undertakings the DOF is working for the laws they are promoting is
on the information dissemination. “My role is to make sure that the
laws we are implementing reaches to the general public and be
understood by everyone,” said Usec. Chua, thanking CARD MRI for
hosting the forum.
CARD MRI Founder and Chair
Emeritus Dr. Jaime Aristotle B. Alip assured Usec. Chua that CARD
MRI will support DOF in promoting and underscoring the impact of
every financial reform the department is reinforcing. “We will be
launching a module on Rice Tariffication Law through our learning
sessions with our more than 6.2 million clients nationwide to
support the efforts of the government and the Department of Finance
in disseminating this important agenda,” said Dr. Alip.
The module will be
integrated during the weekly center meeting of CARD MRI’s
microfinance clients nationwide. The center meeting is a weekly
gathering of CARD clients in specific community where discussions of
various development-oriented agenda take place.
It is also during this
time where when Account Officers (AO) of CARD conduct Credit with
Education (CwE), a program designed to educate and inform the
clients about topics related to CARD MRI’s products and services,
health, livelihood, credit discipline, and disaster preparedness,
According to Dr. Alip, the
goals of the law are similar to what CARD MRI is reinforcing that is
to provide access to various kind of support and opportunities for
Filipinos. “Since the law is aligned with our mission of poverty
eradication, it is only rightful that CARD MRI gives its utmost
support to the program,” added Alip.
For this topic, CARD MRI
will allot one moth for the discussion of the law. “By April this
year we hope to roll out the module in collaboration with the DOF to
be able to craft a more simplified and comprehensive module.”
“We at CARD MRI will
continue to become the government’s arm and support system in
promoting financial inclusion in the country and we hope that the
Duterte administration will continue to pass laws that will
reinforce the economic status of the underprivileged families in the
country,” Alip concluded.