| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 500.00 |
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... Show More
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
April 24, 2020
(as of board presentation)
May 28, 2020
June 19, 2020
US$ 0.00 million
Department of Finance
2020
US$ 500.00 million
N/A
June 12, 2022
June 30, 2021
BANK APPROVED
Finances
Financing Plan (US$ Millions)
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
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 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-09-2022 |
|---|---|
| Outcomes | Substantial |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | Not Rated | N/a |
| Implementing Agency | N/a | |
| Icr Quality | Substantial | N/a |
| M&e Quality | N/a |
Results Framework
No data available.