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: ADMINISTRATIVE ORDERS
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ADMINISTRATIVE ORDER NO. 376
ADMINISTRATIVE ORDER NO. 376 -
CONSTITUTING THE ECONOMIC MONITORING AND MOBILIZATION TASK FORCE
WHEREAS, nearly all of Asia, including the
Philippines, has been affected by a financial turmoil that caused
currencies and stock prices to drop to unprecedented
levels;
WHEREAS, the government is
already taking steps to respond to the problems arising from the Asian
currency crisis, such as prudent fiscal management and other measures
to stabilize the economy;
WHEREAS, there is need to
constantly monitor and evaluate developments relative to the Asian
currency crisis and the measures taken to address its effects;
WHEREAS, it is imperative that a
coordinated effort be undertaken to surmount the crisis and minimize
its adverse impact on our people; and
WHEREAS, there is need to
constitute a Task Force that will enhance inter-agency coordination and
expedite implementation of measures to stabilize the economy and
sustain our growth trajectory.
NOW, THEREFORE, I, FIDEL V.
RAMOS, President of the Republic of the Philippines, by virtue of the
powers vested in me by law and the Constitution, do hereby order the
following:
Section 1.
Constitution of Economic Monitoring and Mobilization Task Force. —
There is hereby constituted an Economic Monitoring and Mobilization
Task Force (hereinafter called "Task Force") under the Office of the
President. The Task Force shall be composed of the following:
a.
Secretary, Department of Trade -
Chairman
and Industry
b. Secretary,
Department of Agriculture - Member
c.
Director-General, NEDA and Secretary of
- Member
Socio-Economic Planning
d. Secretary,
Department of Finance - Member
e. Secretary,
Department of Budget - Member
and Management
f. Secretary,
Department of the Interior - Member
and Local Government
A representative from the Bangko
Sentral ng Pilipinas may be invited as resource person during the
meetings of the Task Force.
Sec. 2.
Functions of the Task Force. — The Task Force shall have the following
functions:
a.
Identify areas and/or issues and concerns that should be monitored
closely and formulate an indicator system to facilitate monitoring of
the economic situation;
b. Initiate
action and mobilize concerned agencies of government to immediately
respond to socio-economic issues and concerns arising from the currency
crisis;
c. Monitor and
evaluate developments relative to the Asian currency crisis and the
measures taken to address its effects;
d. Coordinate
and monitor the effective implementation of measures to mitigate the
adverse impact of the Asian currency crisis on our people, particularly
on the vulnerable and disadvantaged groups; and
e. Formulate a
proactive communication-information plan that will effectively and
promptly communicate the actions being undertaken by the government to
address the currency crisis.
Sec. 3.
Constitution of Technical Working Group. — A Technical Working Group
(TWG) shall be constituted to assist the Task Force. The TWG shall be
composed of senior representatives of member-agencies of the Task Force
(at least Assistant Secretary level) to be supported by senior
representatives (at least Director level) from the following:
a.
Department of Agrarian Reform
b. Department
of Environment and Natural Resources
c. Department
of Labor and Employment
d. Department
of Tourism
e. Office of
the Presidential Adviser for Legislative Affairs
f. Flagship
Committee
g.
Presidential Management Staff
Sec. 4.
Operating Guidelines. — The Task Force shall be governed by the
following operating guidelines:
a.
The Task Force shall work on a daily basis, and meet as often as
necessary, to actively monitor and undertake actions on the economic
situation;
b. The Task
Force members shall designate their alternates (Undersecretary or
Assistant Secretary level) to the Task Force to act as their
representatives if they are unable to attend the meetings;
c. Whenever
the Task Force deems necessary, the Task Force may invite
representatives from the academe, the private sector, non-government
organizations and people's organizations, and other professional groups
whose expertise may be harnessed in addressing the issues and concerns
arising from the currency crisis;
d. The Task
Force may utilize the Technical Working Group any time by the Task
Force to undertake monitoring, validation, evaluation, or inter-agency
coordination on issues and concerns affecting the economic situation;
e. The Task
Force Chairman (DTI) shall establish an Operations Center to be headed
by the DTI and composed of representatives from economic agencies. The
member-agencies shall designate technical staff who will be assigned to
the Operations Center;
f. The
Operations Center shall closely coordinate with the Expanded Task Force
Lily for monitoring of security and political matters related to the
economic situation;
g. Outside of
the regular meetings, the Task Force members may undertake lateral
coordination among themselves, as necessary; and
h. The Task
Force shall submit regular reports to the President.
Sec. 5.
Administrative Support. — The Department of Trade and Industry shall
provide overall administrative support to the Task Force and the
Technical Working Group. The Chairman may call on any member agency to
extend technical support and assistance to the Task Force as may be
required.
Sec. 6.
Effectivity Clause. — This Administrative Order shall take effect
immediately.
DONE, in the
City of Manila, this 23rd day of January, in the year of Our Lord,
Nineteen Hundred and Ninety Eight.
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