Implementation and Regulatory Directives
- Upon the IPP's effectivity, all government agencies and entities are mandated to issue necessary regulations to ensure its synchronized and integrated implementation.
- The directive stresses coordination among government bodies to avoid inconsistent or contrary policies or actions relative to the IPP.
Prohibition Against Contradictory Policies
- No government body is permitted to adopt any policy or take any course of action that runs contrary to or is inconsistent with the provisions of the approved IPP.
- This clause ensures the uniform application and enforcement of the IPP across all government sectors.
Reporting Requirements
- The Chairman of the Board of Investments is tasked with rendering an annual report to the President regarding the accomplishments and the status of the IPP's implementation.
- This reporting mechanism facilitates executive oversight and monitoring of progress pertaining to the investment priorities.
Effectivity and Publication
- The Memorandum Order takes effect fifteen (15) days after its publication in a newspaper of general circulation.
- This publication and waiting period requirement complies with Article 31 of the Omnibus Investments Code of 1987, ensuring transparency and public notice.
Legal and Formal Execution
- The Memorandum Order is formalized by the signatures of the President of the Philippines and the Executive Secretary.
- It was officially enacted in the City of Manila on February 28, 2017.