By Eileen Mencias
President Ferdinand “Bongbong” Marcos Jr. has given the green light to the creation of an Interagency Committee on Inflation and Market Outlook and an Economic Development Group, both of which will be co-chaired by the National Economic and Development Authority (NEDA) and the Department of Finance.
According to NEDA, the Interagency Committee on Inflation and Market Outlook will serve as an advisory body to the President and the Cabinet on measures to mitigate inflation, ensure food and energy security, and balance the interests of local food producers, consumers, and the overall economy.
The committee will include several government agencies and resource institutions, which will closely monitor inflation, its main drivers, and global and regional developments that may affect commodity prices.
The Economic Development Group, on the other hand, will work to harmonize efforts in the executive department to ensure that agencies are in sync.