The Philippine Institute for Development Studies (PIDS) was created on September 26, 1977 by virtue of Presidential Decree 1201 as an agency attached to the National Economic and Development Authority (NEDA). It is organized as a nonstock, nonprofit government corporation. PIDS serves as the Philippine governmentโs primary socioeconomic policy think tank performing policy-oriented research on various aspects of the Philippine economy to assist the government in formulating plans & policies that are based on research evidence. Based on this mandate, it is the mission of PIDS to serve the interests of the Filipino people through the provision of rigorous analyses of policy issues that can guide policymakers & leaders in decisionmaking. PIDS is ranked as one of the best think tanks in the world in the Global Go To Think Tank Index Report annually published by the Think Tanks & Civil Societies Program of the University of Pennsylvania. It has been an ISO-certified organization since 2019.