Approving the MSME Development Plan 2017-2022 and Directing Its Adoption and Implementation by Concerned Government Agencies
Executive Order No. 50, issued on April 4, 2018, approves the Micro, Small, and Medium Enterprise (MSME) Development Plan for 2017-2022, aimed at enhancing the competitiveness of the MSME sector in the Philippines. It mandates relevant government agencies, including local government units and government-owned corporations, to adopt and implement the plan, which includes initiatives for micro credit financing. The Department of Trade and Industry, through the Bureau of Micro, Small and Medium Enterprise Development, is designated as the secretariat responsible for coordinating the implementation and monitoring of the plan's strategies and programs. Funding for the plan will be sourced from the budgets of concerned agencies, with potential additional support from the MSMED Council Fund. The order emphasizes the importance of collaboration among stakeholders for successful execution.
Quick Answers
- What is Approving the MSME Development Plan 2017-2022 and Directing Its Adoption and Implementation by Concerned Government Agencies about?
- Executive Order No. 50, issued on April 4, 2018, approves the Micro, Small, and Medium Enterprise (MSME) Development Plan for 2017-2022, aimed at enhancing the competitiveness of the MSME sector in the Philippines. It mandates relevant government agencies, including local government units and government-owned corporations, to adopt and implement the plan, which includes initiatives for micro credit financing. The Department of Trade and Industry, through the Bureau of Micro, Small and Medium Enterprise Development, is designated as the secretariat responsible for coordinating the implementation and monitoring of the plan's strategies and programs. Funding for the plan will be sourced from the budgets of concerned agencies, with potential additional support from the MSMED Council Fund. The order emphasizes the importance of collaboration among stakeholders for successful execution.
- What type of law is Executive Order No. 50?
- Approving the MSME Development Plan 2017-2022 and Directing Its Adoption and Implementation by Concerned Government Agencies (Executive Order No. 50) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Approving the MSME Development Plan 2017-2022 and Directing Its Adoption and Implementation by Concerned Government Agencies enacted?
- Approving the MSME Development Plan 2017-2022 and Directing Its Adoption and Implementation by Concerned Government Agencies (Executive Order No. 50) was enacted on Apr 4, 2018.
- What is the citation for Approving the MSME Development Plan 2017-2022 and Directing Its Adoption and Implementation by Concerned Government Agencies?
- Approving the MSME Development Plan 2017-2022 and Directing Its Adoption and Implementation by Concerned Government Agencies, Executive Order No. 50, Apr 4, 2018 (Philippines)
Law Information
- Reference Number
- Executive Order No. 50
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Executive Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 4, 2018
EXECUTIVE ORDER NO. 50
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. 6977, as amended, or the Magna Carta for Micro, Small and 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 all 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 7th Meeting on 18 August 2017, approved the MSMEDP 2017-2022 and subsequently approved its corresponding Key Performance Indicators during its 8th Meeting on 28 November 2017;
WHEREAS, the successful implementation of the MSMEDP rests on the support of all 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 also 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 regularly 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 shall 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.
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. DETACa
DONE in the City of Manila, this 4th of April, in the year of Our Lord, Two Thousand and Eighteen.
Published in the Official Gazette, Vol. 114, No. 16, p. 2859 on April 16, 2018.
Cite This Law
Approving the MSME Development Plan 2017-2022 and Directing Its Adoption and Implementation by Concerned Government Agencies, Executive Order No. 50, Apr 4, 2018 (Philippines)
Approving the MSME Development Plan 2017-2022 and Directing Its Adoption and Implementation by Concerned Government Agencies, Executive Order No. 50 (Phil. 2018)
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