The primary objective is to perform development financing roles through the provision of credit guarantees in support of trade and investments, exports, infrastructure, energy, tourism, agricultural business, modernization, housing, micro-enterprises, small and medium-sized enterprises and other priority sectors of the economy, with the end in view of facilitating and promoting socio-economic and regional development.

[4] The corporation is the result of the merger and consolidation of five Philippine Guarantee Programs and Agencies pursuant to Executive Order No.

[6] On February 12, 1998, its area of operation was expanded and its name accordingly changed to Trade and Investment Development Corporation of the Philippines by Republic Act No.

It was re-titled again through an Executive Order 85 on March 18, 2002, to Philippine Export-Import Credit Agency (PhilEXIM).

It also authorized capital stock of the PhilExim to be increased from Php10 billion to Php50 billion while the equity contributions of the national government to the Home Guaranty Corporation, IGLF, and AGFP[clarification needed] will be transferred to the PhilExim to form part of its paid-up capital.