Responsibilities and Objectives.
Section 4
SEC. 4. Responsibilities and Objectives.—It shall be the responsibility of the Corporation to administer the program for the rescheduling and repayment of the foreign currency debt of the private corporate sector. It shall be the duty of the Corporation to use the powers granted to it under this Decree to achieve the following principal objectives: (a) To provide Philippine private corporate sector borrowers and their creditors with flexible options for the repayment of outstanding foreign currency debt in a manner consistent with the continuing financial viability and the debt service capability of these companies; (b) To provide forward exchange protection to corporations that wish to avail themselves of such cover; and (c) To assist the Central Bank in managing the outflow of foreign exchange from the Philippines consistent with the Government economic adjustment program.