DFA Signs Agreement With Landbank for the Government Purchase Card Program
PASAY 22 November 2024 - The Department of Foreign Affairs (DFA) and the Land Bank of the Philippines (LANDBANK) have signed a landmark Memorandum of Agreement (MOA) for the Government Purchase Card (GPC) Program, which aims to streamline and enhance the efficiency of government procurement processes.
The GPC is a credit card that serves as an alternative payment solution for the procurement of eligible expenditures, including travel expenses, computer softwares, and venue rentals.
“The DFA recognized the GPC Program as an opportunity to further its own innovation efforts in support of the Philippine government’s thrust towards modernization and digitalization,” stated Foreign Affairs Secretary Enrique A. Manalo. “Partnering with LANDBANK, one of the country's premier financial institutions, for this undertaking is a significant milestone for the DFA.”
“We at LANDBANK express our full support for the success of this Program. We are committed to ensuring it delivers meaningful results for the DFA – faster procurement transactions, better resource management, and stronger service delivery,” said LANDBANK President and CEO Lynette V. Ortiz.
The ceremonial signing, held on 18 November 2024 at the DFA Building in Pasay City, was led by Foreign Affairs Undersecretary Antonio A. Morales and LANDBANK Executive Vice President Liduvino S. Geron. Secretary Manalo and President Ortiz joined them, delivering remarks and serving as witnesses.
The signing of the MOA underscores the DFA’s commitment to the continuous improvement of its operations and the promotion of greater transparency and accountability in government transactions. END
