02 June 2012
National Economic and Development Authority (NEDA) Director General and Secretary for Socioeconomic Planning Dr. Arsenio M. Balisacan met with the Management Committee (MANCOM) of the Public Private Partnership Center led by its Executive Director Cosette V. Canilao, who gave the new NEDA chief a brief on the country‚Äôs PPP program and the progress of the various projects in the pipeline.
Executive Director Canilao also updated Secretary Balisacan on the status of proposed amendments to Executive Order No. 8, R.A. 7718 or the Philippine BOT Law and the Joint Venture Guidelines which are critical in strengthening the Center‚Äôs legal and policy framework creating a more conducive environment for PPPs. Canilao emphasized that these amendments shall accelerate the processes in structuring PPP Projects while providing safety nets to avoid corruption vulnerabilities.
The new NEDA DG hopes to identify critical constraints that attribute to the Philippines slow economy and address the various infrastructure bottlenecks.
President Aquino administered the oath of office of Dr. Arsenio M. Baliscan at Malaca√Īang last May 23. As new NEDA DG he will serve as vice chairperson of the NEDA Board, the country‚Äôs highest development planning and policy coordinating board headed by the President. He will concurrently head the National Statistical Coordination Board, Philippine Institute of Development Studies and Philippine Center for Economic Development.