PGMA okays establishment of research and dev’t trust fund

June 9, 2009 12:05 pm 

MANILA, June 9 — President Gloria Macapagal-Arroyo has directed the Department of Science and Technology (DoST) to solicit public and private sector support for the establishment of a trust fund for research and development (R&D) programs.

In a press conference in Malacañang this afternoon, DoST Secretary Estrella Alabastro said the establishment of the trust fund is a way of recognizing the important role R&D practitioners play in national development and advancement.

She added this trust fund would also provide “the same level of support as the President is giving to us right now” beyond 2010.

“A trust fund will be created to become the repository for both public and private sector funds so that this can be used to provide support for research and development,” Alabastro said.

She added the President agreed to the establishment of the trust fund provided R&D expenditures are divided between participating government and private sectors at 36 percent for the government and 64 percent for the private.

“The President said that for the trust fund, we (government sector) can commit 30 percent of the fund but we expect the private sector to give 70 percent,” Alabastro said.

Alabastro said total R&D expenditures as of 2005 have been estimated to reach P6 billion.

In the same press conference, Alabastro reported on the first meeting of the Presidential Coordinating Council for Research and Development (PCCRD), a body created under Executive Order No. 604 issued by the President in February 2007.

Alabastro said the President’s directives to the PCCRD sought to carry out with greater coordination among government agencies with R&D budgets its “investment plan for R&D with a monitoring and evaluation scheme to see if the plan is being implemented properly and whether or not R&D institutions are doing their jobs well.” (PNA)

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