| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 88.28 |
| Borrower/Recipient | 16.10 |
Philippines Customs Modernization Project
Abstract*
The development objective of the Customs Modernization Project for Philippines is to improve the efficiency of the Bureau of Customs (BOC) and reduce trade costs. The project comprises of three components. (1) Modernization of Customs Operations component will support the modernization of BOC’s core CPS, related technical infrastructure and internal capacity to manage and operate a sophisticated ICT operation to ensure it contributes to improving... Show More
Development Objective
The Project Development Objective is to improve the efficiency of the Bureau of Customs and reduce trade costs.
Key Details
Project Details
P163428
Active
Jaime Frias
Department of Finance
September 19, 2017
(as of board presentation)
October 27, 2020
January 28, 2021
US$ 104.38 million
Bureau of Customs
2021
US$ 88.28 million
B
January 29, 2024
June 30, 2025
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 88.28 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 88.28 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 104.38 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Apr 15, 2024 | IBRD-91710 | Int Charges | 1,181.51 |
| Apr 15, 2024 | IBRD-91710 | Int Charges | 32,917.28 |
| Apr 15, 2024 | IBRD-91710 | Int Charges | 104,878.36 |
| Mar 12, 2021 | IBRD-91710 | Fee Charges | 220,700.00 |
| Oct 18, 2021 | IBRD-91710 | Loan Disb | 625,523.60 |
| Oct 15, 2021 | IBRD-91710 | Int Charges | 110,652.34 |
| Apr 15, 2021 | IBRD-91710 | Int Charges | 44,140.01 |
| Apr 15, 2022 | IBRD-91710 | Int Charges | 109,280.75 |
| Oct 15, 2022 | IBRD-91710 | Int Charges | 109,868.27 |
| Oct 15, 2022 | IBRD-91710 | Int Charges | 10,196.11 |
| Apr 15, 2023 | IBRD-91710 | Int Charges | 17,033.82 |
| Apr 15, 2023 | IBRD-91710 | Int Charges | 639.76 |
| Apr 15, 2023 | IBRD-91710 | Int Charges | 109,267.90 |
| Oct 15, 2023 | IBRD-91710 | Int Charges | 330.15 |
| Oct 15, 2023 | IBRD-91710 | Int Charges | 107,046.97 |
| Oct 15, 2023 | IBRD-91710 | Int Charges | 95,420.31 |
| Jun 30, 2023 | IBRD-91710 | Loan Disb | 3,849,657.00 |
| Nov 22, 2023 | IBRD-91710 | Loan Disb | 4,475,181.00 |
| Apr 15, 2024 | IBRD-91710 | Int Charges | 103,824.19 |
| Nov 22, 2023 | IBRD-91710 | Loan Disb | -4,475,181.00 |
| Oct 27, 2020 | IBRD-91710 | Loan Commitment | 88,280,000.00 |
| Apr 15, 2022 | IBRD-91710 | Int Charges | 4,323.24 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Moderately Unsatisfactory | 2024-12-20 |
| Overall Implementation Progress (IP) | Unsatisfactory | 2024-12-20 |
| Monitoring and Evaluation | Moderately Satisfactory | 2024-12-20 |
| Project Management | Moderately Satisfactory | 2024-12-20 |
| Financial Management | Moderately Satisfactory | 2024-12-20 |
| Progress towards achievement of PDO | Unsatisfactory | 2024-12-20 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Time to import: Border compliance Value 120.00 120.00 80.00 Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Cost to export: Border compliance Value 690.00 690.00 500.00 Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Time to export: Border compliance Value 42.00 42.00 30.00 Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Cost to import: Border compliance Value 456.00 456.00 300.00 Date October 31, 2019 January 12, 2023 June 30, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Percentage of declarations covered by the authorized economic operators program Value 0.00 0.00 20.00 Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Approved modern organizational structure Value No No Yes Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Share of non-intrusive inspections handled by the remote image analysis centers Value 0.00 0.00 100.00 Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Financial management systems integrated into the customs processing system Value No No Yes Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Customs processing system is connected to disaster recovery data center Value No No Yes Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Availability of HR and employment data that are disaggregated by grade level and sex. Value No No Yes Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Human resource management strategy that incorporates targets for gender balance of all BOC employees Value No No Yes Date October 31, 2019 January 12, 2023 June 30, 2025 Comment Share of public feedback processed by an ICT-enabled grievance redress mechanism Value 0.00 0.00 100.00 Date October 31, 2019 January 12, 2023 December 31, 2025 Comment