Section 5April 17, 1989, Sec./Art. 5

Powers and Functions. - To carry out the aforementioned purposes and objectives, the Council is authorized:

(1) To submit to the President of the Philippines its recommendees for members of the Government panel in the negotiations and/or renegotiations of the Philippine external debt; Provided, That it shall recommend at least five (5) members with expertise in each of the following: (a) diplomacy, (b) economics, (c) investment banking, (d) law, and (e) accountancy;

(2) To secure from any department, bureau, office, agency, or instrumentality of the Government such assistance as may be needed, such as technical information, the preparation and production of reports, and the submission of recommendations or plans, as it may require;

(3) Generally, to exercise all the powers necessary to attain the purposes and objectives for which it is organized.