Marcos signs EO to add private sector rep in PPP board

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Metro Manila (CNN Philippines, June 3) — President Ferdinand Marcos Jr. signed an executive order (EO) adding a private sector representative to the Governing Board of the Public-Private Partnership (PPP) Center.

Signed on June 1, the EO aims to strengthen private sector participation in the PPP Center's governing body by adding a member who comes from "a reputable organization in the banking, business, or infrastructure sector," to be appointed by the President.

This representative will take the place of the Private Sector Co-Chairperson of the National Competitive Council (NCC), who used to sit in the PPP Center's board until 2018 when the position became non-existent after the NCC was reorganized into the Ease of Doing Business and Anti-Red Tape Advisory Council.

The PPP Center's mandate is to facilitate the implementation of the country's PPP programs and projects.

The PPP Governing Board is the policy-making body for all PPP-related matters and sets the strategic direction of the PPP program. It is also tasked to manage the Project Development and Monitoring Fund which facilitates the pre-investment activities of potential PPP projects.

The board also sets the strategic direction of the PPP program and creates enabling policies and institutional environment for PPP.

The NEDA secretary serves as chairperson of the board, with the Finance secretary as vice-chairperson. Other members are the Budget and Management, Justice, Trade and Industry, and Executive secretaries.