The Belgian embassy has confirmed that the P18.7-billion Laguna Lake rehabilitation project enjoys a guarantee from Brussels through its export credit facility. In a letter dated June 10, 2010, Ambassador Christian Meerschman told former Environment Secretary Horacio C. Ramos that "BNPP-Fortis is making available on ONDD-covered export credit facility the funding for the Laguna Lake rehabilitation project." Meerschman's letter stated that "the ONDD or Office National du Ducroire is the Belgian Public Export Agency.

Go, M. V. (2010, September 22). Belgian embassy confirms guarantee for P18.7-B Laguna Lake project. The Philippine Star, p. B-4.