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Philippines Emergency COVID-19 Response Development Policy Loan

Abstract*

The emergency development policy loan (DPL) will support the Government of Philippines’ efforts to protect the poor and the most vulnerable households and firms from the immediate impacts of the coronavirus disease 2019 (COVID-19) outbreak. The operation, in the amount of US500 million dollars, is a stand-alone operation aimed at supporting critical policy and institutional measures taken by the Government with the support of the Bank. The development...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Development objective is to (i) mitigate the impact of COVID-19 on the poor and vulnerable households and (ii) provide financial relief to affected small and medium enterprises (SMEs).

Key Details

Project Details

  • P174120

  • Closed

  • Rong Qian

  • Republic of the Philippines

  • Philippines

  • April 24, 2020

  • (as of board presentation)

    May 28, 2020

  • June 19, 2020

  • US$ 0.00 million

  • Department of Finance

  • East Asia and Pacific

  • 2020

  • US$ 500.00 million

  • N/A

  • June 12, 2022

  • June 30, 2021

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 500.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 500.00
IDA Commitment N/A
IBRD + IDA Commitment 500.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
May 15, 2024 IBRD-91210 Int Charges 98,589.78
Nov 15, 2020 IBRD-91210 Int Charges 3,420,297.00
May 15, 2024 IBRD-91210 Int Charges 14,530,278.00
May 28, 2020 IBRD-91210 Loan Commitment 500,000,000.00
Nov 15, 2023 IBRD-91210 Int Charges 299,544.70
Nov 15, 2023 IBRD-91210 Int Charges 16,812,056.00
Nov 16, 2023 IBRD-91210 Loan Disb 500,000,000.00
Nov 16, 2023 IBRD-91210 Loan Disb -500,000,000.00
May 15, 2023 IBRD-91210 Int Charges 5,989,703.00
May 15, 2023 IBRD-91210 Int Charges 701,265.60
May 15, 2023 IBRD-91210 Int Charges 8,193,519.00
Nov 15, 2022 IBRD-91210 Int Charges 9,242,239.00
Nov 15, 2021 IBRD-91210 Int Charges 3,628,889.00
May 15, 2022 IBRD-91210 Int Charges 3,670,277.80
Jun 19, 2020 IBRD-91210 Loan Disb 1,250,000.00
Jun 19, 2020 IBRD-91210 Fee Charges 1,250,000.00
Jun 24, 2020 IBRD-91210 Loan Disb 498,750,016.00
May 15, 2021 IBRD-91210 Int Charges 3,645,139.00
May 15, 2024 IBRD-91210 Int Charges 96,668.53

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-09-2022
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

No data available.