104 OG No. 51, 8584 (Dec. 22, 2008)
WHEREAS, the Mindanao Economic Development
Council (MEDCo) was created pursuant to Executive Order No. 512 dated
19 March 1992, as amended, to promote and coordinate the active and
extensive participation of all sectors to effect the socio-economic
development of Mindanao;
WHEREAS, Executive Order No.
496 dated 23 January 2006 placed MEDCo under the oversight of the
Office of the Presidential Adviser on the Peace Process
(OPAPP);
WHEREAS, the National Economic and Development
Authority (NEDA) is primarily responsible for formulating continuing,
coordinated and fully integrated social and economic policies, plans
and programs;
WHEREAS, for administrative expediency and
economy, and consistent with the policy that all socio-economic
programs and activities of the government shall be programmed within
the context of well-formulated and consistent long, medium and
short-term development plans and policies to promote both the growth of
the equitable distribution of the benefits of such growth to the
members of society, there is a need to place MEDCo under the oversight
of NEDA;
NOW,
THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1. The Mindanao Economic Development
Council (MEDCo) is hereby placed under the oversight of the National
Economic and Development Authority (NEDA). NEDA shall provide general
supervision to MEDCo in the formulation of continuing and integrated
socio-economic development plans, policies and programs, and in the
exercise and implementation of its regular functions provided under
Executive Order No. 512, Series of 1992, as amended by Executive Order
No. 244, Series of 2000.
Sec. 2. Executive Order No.
496, Series of 2006 and all issuances, rules and regulations or parts
thereof which are inconsistent with this Executive Order, insofar as
MEDCo is concerned, is hereby repealed or modified
accordingly.
Sec. 3. This Executive Order shall take effect
fifteen (15) days following its publication in a national newspaper of
general publication.
Done in the City of Manila,
this 13th day of October, in the year
of our Lord,
Two Thousand and Eight.
(Sgd.) GLORIA M.
ARROYO
By the
President:
(Sgd.) EDUARDO R. ERMITAExecutive
Secretary