BI MEMORANDUM ORDER NO. 2012-028-A

: The Fertilizer and Pesticide Authority (FPA) has been authorized to import all fertilizer requirements and other agricultural inputs in such cases.
: The importations shall be financed out of the Agricultural Inputs Loan obtained from the World Bank, Asian Development Bank (ADB), or any other foreign financing institution.
: The FPA can exercise all functions and activities necessary for the prompt importation of fertilizer, including obtaining credit facilities.
: The Minister of the Budget was ordered to immediately release P1.3 Million out of the Special Activities Fund to cover operational and contingent expenses.
: The capital contribution of not less than P10.00 per bag is intended to raise adequate capital to make Planters Products, Inc. (PPI) viable.
: The Fertilizer and Pesticide Authority (FPA) is responsible for collecting the capital contribution from all domestic sales of fertilizer in the Philippines.
: It is a fund created from the capital contributions collected by FPA, administered by the FPA, and deposited in a special trust account for the purpose of sustaining Planters Foundation activities.
: Disbursements must adhere to the agreements made by the Government with creditor-banks of Planters Products, Inc.
: All concerned government instrumentalities are mandated to assist the Fertilizer and Pesticide Authority in effectively implementing the Letter of Instruction.