Section 11
SECTION 11. Government Financial Institution Guarantees — The provision of any law to the contrary notwithstanding, any financial institution owned or controlled by the Government of the Republic of the Philippines, other than the Central Bank, Government Service and Insurance System and the Social Security System is hereby empowered to guarantee acceptance credits, loans, transactions/undertakings, or obligations of any kind which may be incurred by the authority, whether directly or indirectly in favor of any person, association or entity, whether domestic or foreign.