Preamble
WHEREAS, there are indications from international financial organizations about future changes in their lending policies aimed at increasing the financing of local costs of certain projects; and WHEREAS, experience has shown the need for flexibility in tapping foreign sources of funding; NOW, THEREFORE, I, FERDINAND E. MARCOS, Commander-in-Chief of all the Armed Forces of the Philippines, pursuant to Proclamation No. 1104, dated January 17, 1973, and General Order No. 1, as amended, dated September 22, 1972, and in order to assure a sustained and accelerated implementation of our development program, do hereby order to amend further certain sections of Republic Act Number Four Thousand Eight Hundred Sixty, as amended, and to adopt this Decree as part of the law of the land.