Second Disaster Risk Management Development Policy Loan with a CAT-DDO

Abstract*

The development objective of the Second Disaster Risk Management Development Policy Loan with a Catastrophe-Deferred Drawdown Option Program is to enhance the technical and financial capacity of the Government of the Philippines to reduce disaster risk and manage the socio-economic and fiscal impacts of natural disasters. This objective will be achieved by supporting policy actions that are aimed at: (i) strengthening risk reduction investment planning... Show More

Development Objective

To enhance the technical and financial capacity of the Government of the Philippines to reduce disaster risk and manage the socio-economic and fiscal impacts of natural disasters.

Key Details

Project Details

Project ID
P155656
Status
Closed
Team Leader
Lesley Jeanne Cordero , Benedikt Lukas Signer
Borrower 2
Department of Finance

Country
Philippines
Disclosure Date
June 17, 2015
Approval Date
(as of board presentation)
December 22, 2015
Effective Date
April 15, 2016

Total Project Cost 1
US$ 500.00 million
Implementing Agency
Department of Finance
Region
East Asia and Pacific
Fiscal Year 3
2016

Commitment Amount
US$ 500.00 million
Environmental Category
N/A
Last Update Date
July 12, 2023
Closing Date
March 30, 2020

Last Stage Reached
BANK APPROVED

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 - Environment and Natural Resource Management

FY17 - Climate change100%
- FY17 - Adaptation100%

FY17 - Finance

FY17 - Finance for Development25%
- FY17 - Disaster Risk Finance25%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management75%
- FY17 - Disaster Preparedness25%
- FY17 - Disaster Response and Recovery25%
- FY17 - Disaster Risk Reduction25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

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**	500.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Oct 15, 2023	IBRD-85760	Int Charges	261,924.05
Oct 15, 2023	IBRD-85760	Int Charges	1.64
Oct 15, 2023	IBRD-85760	Int Charges	654.81
Oct 15, 2023	IBRD-85760	Int Charges	79,780.33
Oct 15, 2023	IBRD-85760	Int Charges	16,341,121.00
Oct 15, 2023	IBRD-85760	Int Charges	102.39
Apr 15, 2024	IBRD-85760	Int Charges	172,127.66
Apr 15, 2024	IBRD-85760	Int Charges	1.08
Apr 15, 2024	IBRD-85760	Int Charges	430.32
Apr 15, 2024	IBRD-85760	Int Charges	86,352.47
Apr 15, 2024	IBRD-85760	Int Charges	15,244,491.00
Apr 15, 2024	IBRD-85760	Int Charges	867.13
Apr 15, 2024	IBRD-85760	Int Charges	110.57
Apr 15, 2024	IBRD-85760	Int Charges	44,114.24
Dec 22, 2015	IBRD-85760	Loan Commitment	500,000,000.00
Oct 15, 2016	IBRD-85760	Int Charges	22,493.75
Apr 15, 2016	IBRD-85760	Loan Disb	-2,500,000.00
Apr 15, 2016	IBRD-85760	Loan Disb	2,500,000.00
Apr 15, 2016	IBRD-85760	Fee Charges	2,500,000.00
Apr 15, 2016	IBRD-85760	Loan Disb	2,500,000.00
Apr 15, 2017	IBRD-85760	Int Charges	27,426.39
Oct 15, 2017	IBRD-85760	Int Charges	29,864.58
Apr 15, 2018	IBRD-85760	Int Charges	127.08
Apr 15, 2018	IBRD-85760	Int Charges	31,470.83
Sep 28, 2018	IBRD-85760	Loan Disb	496,256,256.00
Sep 28, 2018	IBRD-85760	Loan Disb	-496,256,256.00
Sep 28, 2018	IBRD-85760	Loan Disb	496,256,256.00
Sep 30, 2018	IBRD-85760	Loan Disb	3,110.00
Sep 30, 2018	IBRD-85760	Fee Charges	3,110.00
Sep 30, 2018	IBRD-85760	Loan Disb	-3,110.00
Sep 30, 2018	IBRD-85760	Loan Disb	3,110.00
Oct 15, 2018	IBRD-85760	Int Charges	43,843.75
Dec 6, 2018	IBRD-85760	Loan Disb	1,240,640.00
Dec 6, 2018	IBRD-85760	Loan Disb	-1,240,640.00
Dec 6, 2018	IBRD-85760	Loan Disb	1,240,640.00
Apr 15, 2019	IBRD-85760	Int Charges	857,696.25
Apr 15, 2019	IBRD-85760	Int Charges	45,879.17
Apr 15, 2019	IBRD-85760	Int Charges	9,608,899.00
Apr 15, 2019	IBRD-85760	Int Charges	61.55
Apr 15, 2019	IBRD-85760	Int Charges	16,262.72
Oct 15, 2019	IBRD-85760	Int Charges	46,131.25
Oct 15, 2019	IBRD-85760	Int Charges	9,661,696.00
Oct 15, 2019	IBRD-85760	Int Charges	63.97
Oct 15, 2019	IBRD-85760	Int Charges	25,050.23
Apr 15, 2020	IBRD-85760	Int Charges	37,743.75
Apr 15, 2020	IBRD-85760	Int Charges	7,996,756.00
Apr 15, 2020	IBRD-85760	Int Charges	50.12
Apr 15, 2020	IBRD-85760	Int Charges	19,991.87
Oct 15, 2020	IBRD-85760	Int Charges	28,212.50
Oct 15, 2020	IBRD-85760	Int Charges	6,104,779.00
Oct 15, 2020	IBRD-85760	Int Charges	38.25
Oct 15, 2020	IBRD-85760	Int Charges	15,261.96
Apr 15, 2021	IBRD-85760	Int Charges	15,798.61
Apr 15, 2021	IBRD-85760	Int Charges	3,637,834.00
Apr 15, 2021	IBRD-85760	Int Charges	9,094.58
Apr 15, 2021	IBRD-85760	Int Charges	22.78
Oct 15, 2021	IBRD-85760	Int Charges	3,657,822.00
Oct 15, 2021	IBRD-85760	Int Charges	9,144.55
Oct 15, 2021	IBRD-85760	Int Charges	22.91
Oct 15, 2021	IBRD-85760	Int Charges	15,885.42
Apr 15, 2022	IBRD-85760	Int Charges	3,487,303.00
Apr 15, 2022	IBRD-85760	Int Charges	21.84
Apr 15, 2022	IBRD-85760	Int Charges	8,718.24
Apr 15, 2022	IBRD-85760	Int Charges	15,040.28
Oct 15, 2022	IBRD-85760	Int Charges	38,208.61
Oct 15, 2022	IBRD-85760	Int Charges	8,089,036.00
Oct 15, 2022	IBRD-85760	Int Charges	50.70
Oct 15, 2022	IBRD-85760	Int Charges	20,222.56
Apr 15, 2023	IBRD-85760	Int Charges	1,268.86
Apr 15, 2023	IBRD-85760	Int Charges	65,550.37
Apr 15, 2023	IBRD-85760	Int Charges	13,513,684.00
Apr 15, 2023	IBRD-85760	Int Charges	84.67
Apr 15, 2023	IBRD-85760	Int Charges	33,784.16
Apr 15, 2023	IBRD-85760	Int Charges	2,556.89
Apr 15, 2023	IBRD-85760	Int Charges	507,548.56
Apr 15, 2023	IBRD-85760	Int Charges	3.19
Oct 15, 2023	IBRD-85760	Int Charges	40,852.79
Oct 15, 2023	IBRD-85760	Int Charges	1,319.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2018-10-25
Progress towards achievement of PDO	Satisfactory	2018-10-25
Monitoring and Evaluation	Satisfactory	2018-10-25
Overall Implementation Progress (IP)	Satisfactory	2018-10-25

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-19-2020
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-11-2021	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