Executive Order No. 85 (2002) — TIDCORP was created to pursue the policy of the State to encourage and promote the expansion of Philippine exports and to establish a strong and credible export credit institution which shall be dedicated to the provision of export financing facilities and services to support the country—s export sector;

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Section 1 Section 2 Section 3 · This Executive Order shall take effect immediately

Section 1

Section 1. TIDCORP is hereby designated as the Philippine Export-Import Credit Agency (—PHILEXIM—). TIDCORP may add, append or include the above designation in its corporate name for any purposes it may deem appropriate or necessary.

Section 2

Section 2. All executive orders, issuances, rules, regulations and other issuances or parts thereof which are inconsistent with this Executive Order are hereby revoked or modified accordingly.

Section 3

This Executive Order shall take effect immediately

Section 3. This Executive Order shall take effect immediately.

Done in the City of Manila, this 18th day of March, in the year of Our Lord, two thousand and two. £a⩊phi£

(SGD.) GLORIA MACAPAGAL-ARROYO

By the President:

(SGD.) ALBERTO G. ROMULO Executive Secretary