Section 5Sec./Art. 5

Borrowing and Other Miscellaneous Powers. – In addition to the powers specified elsewhere in this Decree, the Corporation shall have the power:

"a) To borrow funds in foreign countries or in the Philippines with the approval of the President of the Philippines and subject, in the case of foreign borrowings, to the prior concurrence of the Monetary Board, subject to the rules and regulations that the Monetary Board may prescribe, pertinent provisions of Republic Act No. 7653 and Bangko Sentral rules and regulations;

"b) To buy and sell securities the Corporation has issued or guaranteed;

"c) To underwrite, or participate in the underwriting of securities issued by any domestic entity or enterprise for purposes consistent with the purpose of the Corporation;

"d) To invest funds not needed in its operations, in government treasury bills, notes and bonds either directly issued or guaranteed by the government or government financial institutions, or in notes and other debt instruments with a credit classification of double "A"; and

"e) To exercise such other powers and establish such rules and regulations as may be necessary and appropriate in the furtherance of the corporation's purpose and functions."