A Philippine Coordinating- Panel is hereby constituted, with authority to formulate and coordinate a Joint Philippines-US-AID Assistance Program for disaster rehabilitation and reconstruction and likewise with authority, as regards this assistance program, to negotiate with its United States counterpart on the project areas; resource mobilization and utilization; project engineering standards, unit costs and implementation schedules; fund disbursement and reimbursement procedures; and project execution performance evaluation and reporting. The Panel will be composed of the following:

Mr. Antonio Locsin,
     Chairman Presidential Economic Staff
Dr. Joselito Gallardo
      Presidential Task Force on Rehabilitation
Mr. Bienvenido Villavicencio
      National Economic Council
Mr. Jesus Sunga
      Presidential Economic Staff

Done in the City of Manila, this 12th day of September, in the year of Our Lord, nineteen hundred and seventy-two.


By the President:

(Sgd.) ALEJANDRO MELCHOR
Executive Secretary