The National Economic and Development Authority
(), abbreviated as NEDA
, is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is headed by the President of the Philippines
as chairman of the NEDA board, with the Secretary of Socio-Economic Planning, concurrently NEDA Director-General, as vice-chairman. A number of Cabinet
members, the Governor of the Central Bank
, the Chairman of the Metropolitan Manila Development Authority
, the Governor of the Autonomous Region in Muslim Mindanao
, the Chairman of the Commission on Information and Communications Technology
, the Chairman of the Subic-Clark Area Development Corporation
, and the National President of the Union of Local Authorities of the Philippines are members of the NEDA Board.Benigno Aquino III
appointed Cayetano Paderanga, Jr.
as the Director-General of the NEDA on June 30, 2010.
The NEDA was established in 1973 with Dr. Gerardo Sicat
as its first director general. With the exception of Sicat, the Prime Minister of the Philippines
was usually the head of the agency before the First People Power Revolution. President Corazon C. Aquino
re-organized the NEDA into its present form (see below) and appointed Winnie Monsod
as its first director-general after EDSA I.
List of NEDA Director-Generals
The present form of the NEDA was organized by President Corazon C. Aquino
on July 22, 1987 through Executive Order
No. 230. It defined... Read More