Support for the Masagana 99 Rice Program
- The fund release is intended as support for the Masagana 99 rice program, a government agricultural initiative.
- Focuses on enhancing rice production and related rural financial activities.
Authority and Compliance
- Issued by the President of the Philippines, Ferdinand E. Marcos.
- The directive emphasizes strict compliance with the order.
- Addressed to the Director General of the National Economic and Development Authority, indicating the chain of command for fund disbursement.
Legal and Administrative Context
- The letter is an official directive (Letter of Instruction) dated May 25, 1973.
- Reflects executive action aimed at economic development through agricultural support.
- Ensures coordination between government agencies and financial institutions for program implementation.