Philippine Debt to Equity Conversion Program EO

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EXECUTIVE ORDER NO. 32: Philippine Debt to Equity Conversion Program EO

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Title Supreme Court: Philippine Debt to Equity Conversion Program EO

Law: Executive Order No. 32

Decision Date: Jul 24, 1986

Executive Order No. 32 establishes a program to convert Philippine external debt into equity investments, encouraging foreign and Filipino investors to invest in Philippine enterprises and reduce the country's external debt burden. The program offers incentives for investments in preferred sectors and allows for the repatriation of investments and remittance of earnings, with the Central Bank of the Philippines determining the terms and conditions for conversion.

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