WHEREAS, the World Bank and the Asian Development Bank have expressed interest in providing a rehabilitation loan to assist our country in its reconstruction program in the wake of the July 16, 1990 earthquake;

WHEREAS, there is need to make an initial assessment of the extent of the damages to public infrastructure and to private business establishments caused by the earthquake;

WHEREAS, it is imperative to mobilize medium and long term financial resources from various sources in order to finance a reconstruction program for the areas damaged by the earthquake;

NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:

SECTION 1. The Department of Finance is hereby directed to coordinate all efforts required to negotiate for loans and grants-in-aid from multilateral and bilateral sources of medium and long-term funds for a reconstruction program for the areas damaged by the earthquake.

SEC. 2. The Department of Public Works and Highways is hereby directed to coordinate all the concerned departments and agencies in determining the extent of the damages and in formulating an operational reconstruction program to be used as basis for loan negotiations and for project implementation.

For this purpose, the following departments and agencies are hereby instructed to coordinate closely with the Department of Public Works and Highways:

(a) Department of Transportation and Communication
(b) Department of Education, Culture and Sports
(c) Department of National Defense
(d) National Power Corporation
(e) National Housing Authority
(f) National Electrification Administration
(g) Local Water Utilities Administration

SEC. 3. The Office of the President shall oversee the implementation of this Administrative Order.

SEC. 4. All the concerned departments are hereby enjoined to submit periodic reports of the actions taken pursuant to this Administrative Order.

SEC. 5. This Administrative Order shall take effect immediately.

DONE in the City of Manila, this 20th day of July, in the year of Our Lord, nineteen hundred and ninety.


By the President:
(Sgd.) CATALINO MACARAIG, JR.
Executive Secretary