The Ease of Doing Business Act reorganized the NCC as the Ease of Doing Business and Anti-Red Tape Advisory Council, making the position of the Private Sector co-chairperson of the NCC "inexistent."
The EO said that the PPPGB would be responsible "for setting the strategic direction of the PPP Program as the overall policy-making body for all PPP-related matters, including the Project Development and Monitoring Fund (PDMF).
The Socio-Economic Planning Secretary will chair the PPPGB, while the Secretary of Finance will be the vice-chairperson.
Marcos boosts private sector participation in gov't projects
Jun 3, 2023 01:12 AM
At a glance
The country's private sector will now have a broader participation in the national government's big-ticket projects after President Ferdinand "Bongbong" Marcos Jr. issued an executive order (EO) that amends the composition of the Public-Private Partnership Governing Board (PPPGB).
President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate)
Based on EO No. 30, signed by Executive Secretary Lucas Bersamin on June 1, Marcos cited the need to make changes given the reorganization of the National Competitive Council (NCC), one of the members of the PPPGB.
The Ease of Doing Business Act reorganized the NCC as the Ease of Doing Business and Anti-Red Tape Advisory Council, making the position of the Private Sector co-chairperson of the NCC "inexistent."
The EO said that the PPPGB would be responsible "for setting the strategic direction of the PPP Program as the overall policy-making body for all PPP-related matters, including the Project Development and Monitoring Fund (PDMF).
The Board is also tasked to create an enabling policy and institutional environment for PPP.
JUST IN: President Marcos issues an executive order, amending the composition of the Public-Private Partnership Governing Board to further boost private sector participation in PPP-related matters, including big-ticket projects of the national government. @manilabulletin pic.twitter.com/pCx8TUmtyg
— Argyll Cyrus Geducos (@argyll_mb) June 2, 2023
The Socio-Economic Planning Secretary will chair the PPPGB, while the Secretary of Finance will be the vice-chairperson.
Other members of the PPPGB are:
- Finance Secretary
- Budget Secretary
- Justice Secretary
- Trade Secretary
- Executive Secretary
The EO also said that one representative from the private sector, "coming from a reputable organization in the banking, business, or infrastructure sector," would be appointed to the Board by the President.
"The private sector representative shall promptly notify the PPPGB of any actual, perceived, or potential conflict of interest which could affect the performance of his/her duties as a member of the Governing Board," the EO stated.
It said the Chairperson and three other members of the Board shall constitute a quorum, and a majority vote of the members present shall be necessary to adopt any issuance, order, resolution, decision, or other acts of the Board in exercising its functions.
Meanwhile, the PPP Center shall act as the Secretariat of the PPPGB.