Formulation and Stakeholders Participation
- The MTPDP was formulated through involvement of major stakeholders from both the public and private sectors.
- The Plan is supported and endorsed by key government Cabinet Clusters including Security, Economy, and Poverty Alleviation.
Coordination and Monitoring by NEDA
- The National Economic and Development Authority (NEDA) is designated as the lead agency to coordinate and monitor implementation.
- Implementation extends to various national government agencies such as State Universities and Colleges (SUCs), Government-Owned and Controlled Corporations (GOCCs), Government Financial Institutions (GFIs), Other Government Corporate Entities (OGCEs), their subsidiaries, local government units (LGUs), and other instrumentalities under the Executive Department.
- NEDA is also responsible for the periodic assessment and updating of the MTPDP.
Authority of NEDA Director-General
- The NEDA Director-General is empowered to issue necessary memoranda, circulars, or other directives to effectively coordinate, monitor, assess, and update the MTPDP.
- The Director-General may establish inter-agency committees as needed to facilitate such operations.
- Such actions are subject to prior consultation with the President.
Budgetary Support by the Department of Budget and Management (DBM)
- The DBM shall allocate the required budgetary resources for the implementation, assessment, and updating of the MTPDP.
- It also covers the formulation, implementation, assessment, and updating of the related Medium-Term Philippine Investment Program (MTPIP), 2005-2010.
- Budget allocations are subject to usual government accounting and auditing standards.
Effectivity Clause
- The Memorandum Order takes effect immediately upon its issuance on December 7, 2004, ensuring prompt commencement of the Plan's implementation and oversight activities.