Memorandum Order No. 156

SECTION 1. The Medium-Term Philippine Development Plan (MTPDP) for 2004-2010 is hereby approved.

SECTION 2. The National Economic and DevelopmentAuthority (NEDA) shall coordinate and monitor the implementation of the MTPDP, 2004-2010, by various national government agencies including state universities and colleges (SUCs) government-owned and controlled corporations (GOCCs), government financial institutions (GFIs) and other government corporate entities (OGCEs) and their subsidiaries, the local government units (LGUs), and other instrumentalities under the Executive Department and other major stakeholders. It shall likewise coordinate the MTDPDP’s periodic assessment and updating.

SECTION 3. The NEDA Director-General is hereby authorized, upon consultation with the President, to issue such memoranda, circulars or other orders as may be considered necessary or advisable in the coordination and monitoring of the MTPDP implementation as well as its assessment and updating. For these purpose, the NEDA Director-General may create the appropriate inter-agency committees, as necessary.

SECTION 4. The Department of Budget and Management (DBM) shall provide the necessary budgetary support for the implementation, assessment and updating of the MTPDP and the formulation, implementation, assessment and updating of the MTPIP subject to the usual accounting and auditing requirements.

This Order shall take effect immediately

SECTION 5. This Order shall take effect immediately.

DONE in the City of Manila, this 7th day of December in the year of our Lord, two thousand and four.

(Sgd.) GLORIA MACAPAGAL – ARROYO By the President:

(Sgd.) EDUARDO R. ERMITA

Executive Secretary