TO: Undersecretary, Corporate Affairs Group Undersecretary, Domestic Operations Treasurer of the Philippines SUBJECT: Issuance of National Government Guarantee to Borrowings of Government-Owned and Controlled Corporations (GOCCs)
In the interest of the service, it is hereby the review, ordered that in evaluation and recommendation for approval or disapproval of applications GOCCs of for National Government Guarantee, the Corporate Affairs Group (CAG) of this Department, which is the Office tasked with the discharge of said function consistent with the provisions of Executive Order No. 127-A, should confer with the National Treasury and for the latter to assist the former on matters pertaining to the review, evaluation and recommendation for approval or disapproval of applications of GOCCs National for Government Guarantee. Any recommendation must have the prior concurrence of the National Treasury.
is understood It that the CAG and the; National Treasury shall jointly devise a mechanism cr procedure in order that this order can be implemented effectively. This order takes effect immediately.
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