WHEREAS, Executive Order No. 607 (series of 2007) created the inter-agency Task Force Millennium Challenge Account (MCA) attached to the Department of Finance.

WHEREAS, now more than ever, there is an urgency to demonstrate our country ™s commitment to meeting the MCA eligibility requirements;

WHEREAS, the President has the continuing authority to reorganize the administrative structure of the Office of the President.

NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Philippines, by virtue of the powers vested in me by law, do hereby amend Executive Order No. 607 as follows:

SECTION 1. Transfer of Task Force MCA to OP - The attachment of Task Force MCA is hereby transferred from the Department of Finance to the Office of the President.

SECTION 2. Composition - The Task Force MCA shall be composed of the Executive Secretary as Chairman and the following as Members:

- The Secretary of Finance
- The Secretary of Foreign Affairs
- The Director General, National Economic and Development Authority

SECTION 3. Funding - Funding for the task force may be sourced from available funds of the Office of the President, subject to existing accounting and auditing laws and procedures.

SECTION 4. Repealing Clause - All executive issuances or parts thereof inconsistent herewith are deemed repealed or modified accordingly.

SECTION 5. Effectivity - This Executive Order shall take effect immediately.

Adopted: 25 May 2009

(SGD.) GLORIA M. ARROYO
President of the Philippines  

BY THE PRESIDENT:

(SGD.) EDUARDO R. ERMITA
Executive Secretary