PH - PH Development Policy Loan 2

Abstract*

The development objective of the Second Development Policy Loan (DPL) to Foster More Inclusive Growth Program for Philippines is to: 1) enhance public revenue mobilization and strengthen fiscal risk/debt management, 2) increase private and public investments notably to help promote job creation, 3) improve Public Financial Management (PFM) to enhance the accountability and effectiveness of public spending more broadly, and 4) strengthen public resource... Show More

Development Objective

The overall goal of this series of DPLs is to help the Philippines achieve sustained inclusive growth. The DPL achieves this by development objectives that (i) enhance public revenue mobilization and strengthen fiscal risk/debt management, (ii) increase private and public investments notably to help promote job creation, (iii) improve PFM to enhance the accountability and effectiveness of public spending more broadly, and (iv) strengthen public resource allocation for education and health outcomes.

Key Details

Project Details

Project ID
P126580
Status
Closed
Team Leader
Kai-Alexander Kaiser
Borrower 2
N/A

Country
Philippines
Disclosure Date
March 19, 2013
Approval Date
(as of board presentation)
March 19, 2013
Effective Date
July 5, 2013

Total Project Cost 1
US$ 300.00 million
Implementing Agency
Department of Finance
Region
East Asia and Pacific
Fiscal Year 3
2013

Commitment Amount
US$ 300.00 million
Environmental Category
N/A
Last Update Date
August 20, 2020
Closing Date
June 30, 2015

Last Stage Reached
BANK APPROVED
Parent Projects
P118931

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Human Development and Gender

FY17 - Education14%
- FY17 - Access to Education7%
- FY17 - Education Financing7%
FY17 - Health Systems and Policies14%
- FY17 - Health System Strengthening14%

FY17 - Private Sector Development

FY17 - Business Enabling Environment15%
- FY17 - Regulation and Competition Policy15%
FY17 - Jobs5%
- FY17 - Job Creation5%

FY17 - Public Sector Management

FY17 - Public Administration22%
- FY17 - Transparency, Accountability and Good Governance22%
FY17 - Public Finance Management22%
- FY17 - Public Expenditure Management22%

FY17 - Urban and Rural Development

FY17 - Rural Development5%
- FY17 - Rural Infrastructure and service delivery5%
FY17 - Urban Development5%
- FY17 - Urban Infrastructure and Service Delivery5%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	300.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	300.00
IDA Commitment	N/A
IBRD + IDA Commitment	300.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	300.00

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

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Nov 15, 2020	IBRD-82380	Int Charges	2,100,666.80
Jun 1, 2021	IBRD-83280	Int Charges	2,426,666.80
Nov 15, 2021	IBRD-82380	Int Charges	1,410,666.60
Jun 1, 2022	IBRD-83280	Int Charges	2,477,222.20
May 15, 2022	IBRD-82380	Int Charges	1,448,000.00
Dec 1, 2021	IBRD-83280	Int Charges	2,287,500.00
Nov 15, 2022	IBRD-82380	Int Charges	4,778,677.00
Dec 1, 2022	IBRD-83280	Int Charges	8,532,997.00
May 15, 2023	IBRD-82380	Int Charges	420,759.38
May 15, 2023	IBRD-82380	Int Charges	7,755,766.50
May 15, 2023	IBRD-82380	Loan Repay	9,690,000.00
Jun 1, 2023	IBRD-83280	Int Charges	782,042.10
Jun 1, 2023	IBRD-83280	Int Charges	13,273,101.00
Dec 1, 2014	IBRD-83280	Int Charges	720,408.70
Nov 15, 2014	IBRD-82380	Int Charges	1,211,333.40
Jul 11, 2013	IBRD-82380	Loan Disb	299,249,984.00
Jul 5, 2013	IBRD-82380	Loan Disb	750,000.00
Jul 5, 2013	IBRD-82380	Fee Charges	750,000.00
Nov 15, 2013	IBRD-82380	Int Charges	942,027.94
Mar 11, 2014	IBRD-83280	Loan Disb	1,250,000.00
Mar 11, 2014	IBRD-83280	Fee Charges	1,250,000.00
Apr 18, 2014	IBRD-83280	Loan Disb	100,000,000.00
Jul 11, 2014	IBRD-83280	Loan Disb	100,000,000.00
Jun 1, 2014	IBRD-83280	Int Charges	2,306.26
May 15, 2014	IBRD-82380	Int Charges	1,251,916.60
Apr 1, 2015	IBRD-83280	Loan Disb	298,750,016.00
May 15, 2015	IBRD-82380	Int Charges	1,251,916.60
Jun 1, 2015	IBRD-83280	Int Charges	844,467.40
Nov 15, 2015	IBRD-82380	Int Charges	1,441,333.40
Dec 1, 2015	IBRD-83280	Int Charges	420,158.66
Dec 1, 2015	IBRD-83280	Int Charges	2,414,583.20
May 15, 2016	IBRD-82380	Int Charges	1,744,166.60
Dec 1, 2016	IBRD-83280	Int Charges	3,939,583.20
Jun 1, 2016	IBRD-83280	Int Charges	3,050,000.00
Nov 15, 2016	IBRD-82380	Int Charges	2,269,333.20
May 15, 2017	IBRD-82380	Int Charges	2,820,583.20
Jun 1, 2017	IBRD-83280	Int Charges	4,802,778.00
Nov 15, 2017	IBRD-82380	Int Charges	3,204,666.80
Dec 1, 2017	IBRD-83280	Int Charges	5,235,833.50
Jun 1, 2018	IBRD-83280	Int Charges	5,864,444.50
May 15, 2018	IBRD-82380	Int Charges	3,439,000.00
Dec 1, 2018	IBRD-83280	Int Charges	7,980,833.50
Nov 15, 2018	IBRD-82380	Int Charges	4,891,333.50
May 15, 2019	IBRD-82380	Int Charges	5,354,583.50
Jun 1, 2019	IBRD-83280	Int Charges	9,049,444.00
Nov 15, 2019	IBRD-82380	Int Charges	5,044,666.50
Dec 1, 2019	IBRD-83280	Int Charges	8,235,000.00
May 15, 2020	IBRD-82380	Int Charges	3,958,500.00
Jun 1, 2020	IBRD-83280	Int Charges	6,582,916.50
Dec 1, 2020	IBRD-83280	Int Charges	3,075,416.80
May 15, 2021	IBRD-82380	Int Charges	1,432,916.60
Nov 20, 2023	IBRD-82380	Loan Disb	280,620,000.00
Nov 20, 2023	IBRD-82380	Loan Disb	-280,620,000.00
Nov 15, 2023	IBRD-82380	Int Charges	179,726.81
Nov 15, 2023	IBRD-82380	Int Charges	9,019,513.00
Dec 1, 2023	IBRD-83280	Int Charges	320,238.62
Dec 1, 2023	IBRD-83280	Int Charges	14,403,315.00
Nov 17, 2023	IBRD-83280	Loan Disb	-500,000,000.00
Nov 17, 2023	IBRD-83280	Loan Disb	500,000,000.00
Nov 15, 2023	IBRD-82380	Loan Repay	9,690,000.00
Jun 1, 2024	IBRD-83280	Int Charges	13,590,759.00
Jun 1, 2024	IBRD-83280	Int Charges	991,666.70
Jun 1, 2024	IBRD-83280	Int Charges	115,900.00
Jun 1, 2024	IBRD-83280	Int Charges	-18,340.60
Jun 1, 2024	IBRD-83280	Int Charges	18,340.60
May 15, 2024	IBRD-82380	Int Charges	57,243.19
May 15, 2024	IBRD-82380	Int Charges	251,821.73
May 15, 2024	IBRD-82380	Int Charges	7,326,286.50
May 15, 2024	IBRD-82380	Loan Repay	9,690,000.00
Jun 1, 2024	IBRD-83280	Loan Repay	16,650,000.00
Dec 6, 2013	IBRD-83280	Loan Commitment	500,000,000.00
Mar 19, 2013	IBRD-82380	Loan Commitment	300,000,000.00
Dec 1, 2014	IBRD-83280	Int Charges	99,000.01

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2014-07-23
Progress towards achievement of PDO	Satisfactory	2014-07-23
Monitoring and Evaluation	Satisfactory	2014-07-23
Overall Implementation Progress (IP)	Satisfactory	2014-07-23

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-12-2017
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 11-03-2017	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Substantial	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Not Rated	N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Ease of Doing Business/Days to Register a Business (Sole Propietorships)	Value	0.00	0.00	10.00
	Date	December 31, 2010	June 2, 2014	December 31, 2014
	Comment	Value greater than ten days, but not exact baseline available	Value remains greater than ten days. DTI is seeking sample analysis for 3 LGUs as value is national plus local processes

Health: Reduced out-of-pocket payments for health care among insured poor households.	Value	0.00	0.00	0.00
	Date	December 31, 2010	December 31, 2013	December 31, 2014
	Comment	Baseline / outcome pending analysis of FIES and NHIS tagging

Non-Financial Public Sector Debt / GDP	Value	52.40	49.20	50.00
	Date	December 31, 2010	December 31, 2013	December 31, 2014
	Comment	For 2010 year		Reflects current closing date of DPL 2. Program DPL 3 end to be confirmed at Board passage anticipated 9/2014/

Enhanced budget transparency through the existence of a unified Account Code Structure, including the Chart of Accounts, and the timely publication of budget execution data.	Value	No	Yes	Yes
	Date	January 3, 2011	January 1, 2014	December 31, 2014
	Comment	The budget code and chart of accounts differ. Quarterly budget execution by agency not yet available within 2 months of eachquarter	UACS was used for 2014 budget, quarterly budget implementation by agency being posted within 2 months	UACS used for 2015 budget, and validation of extent to which agencies have shifted from old NGAS accounting system to UACS for allexecution financial reports

Students-to-Classroom ratio, Top 25th Pct, Primary Value 43.80 33.88 43.80
Date December 31, 2011 December 31, 2013 December 31, 2014
Comment or smaller
Tax revenue ratio Value 12.30 13.30 14.10
Date December 31, 2010 December 31, 2013 December 31, 2014
Comment

Health: Increased utilization of health services among poor and near-poor households from less than 1 outpatient visit per capita to at least 1.5 per capita	Value	0.00	0.00	1.50
	Date	December 31, 2010	December 31, 2013	December 31, 2014
	Comment	Baseline / outcome pending analysis of FIES and NHIS tagging		more than

Students-to-Classroom ratio, Top 25th Pct, Secondary Value 59.98 48.91 59.98
Date December 31, 2010 December 31, 2013 December 31, 2014
Comment or smaller
Net Enrollment (Primary) Value 88.10 95.24 94.00
Date December 31, 2010 December 31, 2013 December 31, 2014
Comment
Net Enrollement (Secondary) Value 59.60 64.61 76.00
Date December 31, 2010 December 31, 2013 December 31, 2014
Comment
Investment (Public+Private), as Share of GDP Value 20.50 19.40 20.50
Date December 31, 2013 December 31, 2014
Comment 2010 average 2013 average or greater
Student Teacher Ratio, Top 25th Pct, Primary Value 40.37 40.36 40.37
Date December 31, 2010 December 31, 2013 December 31, 2014
Comment 2010 value school year or smaller
Student Teacher Ratio, Top 25th Pct, Secondary Value 42.03 34.60 42.03
Date December 31, 2013 December 31, 2013 December 31, 2014
Comment or smaller

Students-to-Classroom ratio, Top 25th Pct, Primary	Value	43.80	33.88	43.80
	Date	December 31, 2011	December 31, 2013	December 31, 2014
	Comment			or smaller

Tax revenue ratio	Value	12.30	13.30	14.10
	Date	December 31, 2010	December 31, 2013	December 31, 2014
	Comment

Students-to-Classroom ratio, Top 25th Pct, Secondary	Value	59.98	48.91	59.98
	Date	December 31, 2010	December 31, 2013	December 31, 2014
	Comment			or smaller

Net Enrollment (Primary)	Value	88.10	95.24	94.00
	Date	December 31, 2010	December 31, 2013	December 31, 2014
	Comment

Net Enrollement (Secondary)	Value	59.60	64.61	76.00
	Date	December 31, 2010	December 31, 2013	December 31, 2014
	Comment

Investment (Public+Private), as Share of GDP	Value	20.50	19.40	20.50
	Date		December 31, 2013	December 31, 2014
	Comment	2010 average	2013 average	or greater

Student Teacher Ratio, Top 25th Pct, Primary	Value	40.37	40.36	40.37
	Date	December 31, 2010	December 31, 2013	December 31, 2014
	Comment	2010 value school year		or smaller

Student Teacher Ratio, Top 25th Pct, Secondary	Value	42.03	34.60	42.03
	Date	December 31, 2013	December 31, 2013	December 31, 2014
	Comment			or smaller