Question & AnswerQ&A (LETTER OF IMPLEMENTATION NO. 145)
Executive Order No. 75 established the Kilusang Kabuhayan at Kaunlaran (KKK) Program to mobilize the productive and entrepreneurial energies of Filipinos at local levels, promoting self-reliance, self-help, and self-determination among communities in the Philippines.
The KKK Integrated Land Resource Management Program aims to transform logged-over areas into Land Investment Trust packages, using financial instruments called Shares in Kabuhayan, which are guaranteed by the Republic of the Philippines as to principal and returns.
The Joint Program Office, created jointly by the Ministry of Human Settlements and the Ministry of Natural Resources, is tasked to direct, supervise, and coordinate the implementation of the KKK Integrated Land Resource Management Program.
An initial front-end investment of P200 million shall be provided from the funds of the Human Settlements Development Corporation and/or the 1983 KKK/Project Development and Management Fund budget allocation.
Yes, the initial investment is recoverable from the revenues generated by the KKK Integrated Land Resource Management Program.
All concerned agencies are directed to exert their utmost effort to fulfill the objectives of the Program efficiently, economically, and effectively to achieve the desired results.
The Program is based on Executive Order No. 75, Letter of Instructions No. 1306, and Presidential Proclamation No. 2282.
Shares in Kabuhayan represent equity issues backed by logged-over lands transformed into investment packages; their redemption is guaranteed by the Republic of the Philippines, providing financial security and incentive for investment.