Guide to the Magna Carta for Micro Small and Medium Enterprises

especially when such agency or private sector organization is directly orindirectly concerned with and/or affecting the growth and development ofMSMEs in any particular area or manner.In case the deliberations pertain to micro credit finance and its beneficiaries,the MSMEDC shall ensure that these shall be held in coordination with theDepartment of Finance-National Credit Council (DOF-NCC). The NAPC andother government agencies, non-government organizations and cooperativescurrently involved in providing financial services to the poor, such as the PCFC,shall be invited as resource persons.Identified agencies with mandated responsibilities under RA 6977, asamended, shall be invited to be permanent resource persons in the MSMEDCmeetings. These are the following: a) National Economic and DevelopmentAuthority (NEDA) in accordance with Sec. 7-B (g); b) Bangko Sentral ngPilipinas in accordance with Sec 15 and other relevant provisions, and (c)identified representatives of the Chair and Co-Chair of the CongressionalOversight Committee for MSMED (COC) shall be invited to be permanentresource persons in the MSMEDC meetings. The key role of the PhilippineInformation Agency in information dissemination and promotion as emphasizedby its inclusion, through RA 9501 in Sec. 5(c) is recognized and mechanismsshall be put in place by the MSMEDC Secretariat in coordinating with the PIAwith regard to new policies and programs put into place pursuant to RA 6977,as amended.Sec. 8. MSMEDC Executive Committee. The Council may create an ExecutiveCommittee of five (5) members elected by the Council from among themselvesor their designated permanent representatives, with at least two (2) membersrepresenting the private sector, and with authority to act for and on behalf ofthe Council during intervals of council meetings, and within the specific authoritygranted by the Council. The designated permanent representatives shall atleast be an Assistant Secretary. Should said official be unable to attend themeeting, she/he may designate for that specific instance, a representativeno lower than Director IV level to exercise voting rights. For purposes ofclarifying this provision, private sector shall refer to the appointees of thePresident from among the MSMEs.Rule 8Powers, Duties and Functions of the MSMEDCSECTION. 1. Purpose of the MSMEDC and Guidelines on Its Powers, Dutiesand Functions. The MSMED Council shall help establish the neededenvironment and opportunities conducive to the growth and development ofthe MSME sector. In this regard, it shall ensure that within one hundredeighty (180) days from its reconstitution under these Rules and pursuant tothe spirit and intent of RA 6977, as amended by RA 8289, and further30