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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 918 |
National Economic and Development Authority
In view of the problems related to inflation and energy crisis and following the price, income and wage adjustments, the National Economic and Development Authority (NEDA) and the offices represented in its Board specifically the following officials:
The
Minister of Finance
The Minister of Industry
The Minister of Agriculture
The Minister of Natural
Resources
The Minister of Trade
The minister of Labor and
The Governor of the Central Bank
are directed to:
1.
Reexamine our development policies in order to
provide flexibility; to encourage more employment; and to promote
productivity;
2. Prepare
programs that would accelerate the production of essential commodities
and services in order to stabilize prices and supplies of these
commodities; and
3. Align
credit, investment, tariff, and other policies in order to support
industries that expand employment, supplies of basic and essential
commodities, output of small and medium-scale enterprises, and export
earnings, especially among labor-intensive enterprises.
All ministries and agencies of
the government are directed to assist the NEDA in undertaking this
program.
The Minister of Economic Planning and the NEDA will act as coordinator of this undertaking.
DONE in the city of Manila, this 23rd day of August in the year of Our Lord, nineteen hundred and seventy-nine.
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Since 19.07.98.