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MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Memorandum Order No. 18, July 13, 1992 ]

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TO	:	CIELITO HABITO
		Director General, National Economic Development Authority
SUBJECT	:	PRESIDENTIAL DIRECTIVES
DATE	:	13 July 1992

In a meeting with the Senators held last 11 July 1992, the following issues were raised:

1. There is a need to involve Congress in the approval of the Medium Term Plan

2. There is a constitutional provision that Congress must be regularly updated about the Executive Branch’s decisions on government loans and agreements.

3. There is a need to develop or modify a program that will allow ODA funds to be accessed by cooperatives and NGOs.1aшphi1

4. There is a need to involve Congress in the discussion and evaluation of IMF economic programs and proposals.

Please make sure that the above issues are addressed accordingly.

(Sgd.) PETER D. GARRUCHO, JR
Acting Executive Secretary

The Lawphil Project - Arellano Law Foundation

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