Executive Order No. 50




MALACAÑAN PALACE MANILA BY THE PRESIDENT OF THE PHILIPPINES [ EXECUTIVE ORDER NO. 50, April 04, 2018 ] APPROVING THE MICRO,SMALL. AND MEDIUM ENTERPRISE (MSME) DEVELOPMENT PLAN 2017-2022 AND DIRECTING CONCERNED GOVERNMENT AGENCIES AND INSTRUMENTALITIES, INCLUDING GOVERNMENT-OWNED OR -CONTROLLED CORPORATIONS AND LOCAL GOVERNMENT UNITS, TO ADOPT AND IMPLEMENT THE PLAN WHEREAS, Section 6 of Republic Act (RA) No. 5977, as amended, or the Magna Carta for Micro, Smalland Medium Enterprises (MSMEs). provides that the President shall approve a six-year micro, small and medium enterprise development plan prepared by the Department of Trade and industry (DTI) which shall form part of the Medium Term Philippine Development Plan, formulated in consultation with the private sector, to be validated and updated semestrally, and which shall include a component on a micro credit financing scheme; WHEREAS, RA No. 6977 created the Micro. Small and Medium Enterprise Development (MSMED) Council tasked, among others, to review existing policies of government agencies that affect the growth and development of MSMEs. and recommend to the President and the Congress ail policy matters affecting the same: WHEREAS, RA No. 6977 designated the DTI - Bureau of Micro, Small and Medium Enterprise Development (BMSMED) to act as MSMED Council Secretariat and shall be responsible to prepare, coordinate, and recommend for approval of the Council the MSMED Plan 2017-2022; WHEREAS, the MSME Development Plan (MSMEDP) 2017-2022,crafted with a vision to make the MSME sector more globally competitive, shall serve as the blueprint for integration and collaboration of relevant government and private sector institutions for MSME development; WHEREAS, the MSMED Council, during its 7 ih Meeting on 18 August 2017. approved the MSMEDP 2017-2022 and subsequently approved its corresponding Key Performance Indicators during its 8 th Meeting on 28 November 2017; WHEREAS, the successful implementation of the MSMEDP restson the support of al> the stakeholders; NOW, THEREFORE, I, RODRIGO ROA DUTERTE President of the Philippines by virtue of the powers vested in me by the Constitution and existing laws, do hereby order; Section 1. MSME Development Plan 2017-2022. The MSMEDP 2017-2022 is hereby approved All concerned government agencies and instrumentalities, including government-owned or -controlled corporations (GOCCs), and local government units (LGUs) are hereby directed to adopt, disseminate and implement the Plan Section 2. Coordination with the MSMED Council and Secretariat. All concerned government agencies and instrumentalities, GOCCs and LGUs are a/so hereby directed to work with the MSMED Council in identifying and carrying out programs and projects for MSMEs, including the appropriation of necessary budgets therefor. The MSMED Council may call upon the participation of concerned government agencies and instrumentalities GOCCs and LGUS in coordination meetings of the committees that may be organized to ensure the implementation of the MSMEDP 2017-2022, The DTI-BMSMED, as Council Secretariat, shall coordinate and work with the various implementing agencies and entities for the prioritization and sequencing of strategies, policies, programs and projects identified in the Plan, including proposed legislation. The monitoring of outcomes and implementation shall be reported regularity to the MSMED Council. Section 3. Funding. The initial funding for the implementation of the various programs under the MSMEDP 2017-2022 shall be sourced from the applicable budgets of concerned agencies or instrumentalities and such other source to be identified by the Department of Budget and Management. Subsequent funding requirements shalf be included in the respective budgets of concerned agencies or instrumentalities. The implementation of programs under the Plan may also be applied for funding under the MSMED Council Fund, subject to approval and availability thereof.ℒαwρhi৷ Section 4. Separability Clause . If any section or part of this Order is held unconstitutional or invalid the other sections or provisions not otherwise affected shall remain in full force or effect. Section 5. Repealing Clause . All other orders., guidelines, rules, regulations, and issuances or parts thereof which are inconsistent with the provisions of this Order are hereby repealed or modified accordingly. Section 6. Effectivity. This Executive Order shall take effect immediately. DONE in the City of Manila, this 4th of April in the year of Our Lord, Two Thousand and Eighteen. (SGD.) RODRIGO ROA DUTERTE By the President: (SGD.) SALVADOR C. MEDIALDEA Executive Secretary The Lawphil Project - Arellano Law Foundation