| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 450.00 |
Improving Fiscal Management
Abstract*
The development objective of the Improving Fiscal Management Development Policy Loan (DPL) Project for Philippines is to support the high-level objective of the Government of the Philippines to improve fiscal management with three development objectives: (A) strengthening tax policy; (B) enhancing public finance management and budget planning; and (C) strengthening fiscal risk management of public assets. This DPL forms an integral part of the Philippines... Show More
Development Objective
The DPL aims to support the high-level objective of the Government of the Philippines to improve fiscal management with three development objectives: A) Strengthening Tax Policy; B) Enhancing Public Finance Management and Budget Planning; and C) Strengthening Fiscal Risk Management of Public Assets.
Key Details
Project Details
P167651
Closed
Souleymane Coulibaly , Ilyas Sarsenov
Republic of the Philippines through the Department of Finance
October 1, 2018
(as of board presentation)
March 15, 2019
May 24, 2019
US$ 0.00 million
Department of Finance
2019
US$ 450.00 million
N/A
March 18, 2021
March 31, 2020
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 450.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 450.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Mar 15, 2019 | IBRD-89320 | Loan Commitment | 450,000,000.00 |
| Apr 15, 2020 | IBRD-89320 | Int Charges | 6,565,125.00 |
| Oct 15, 2023 | IBRD-89320 | Int Charges | 14,131,708.00 |
| Apr 15, 2024 | IBRD-89320 | Int Charges | 10,238,014.00 |
| Apr 15, 2024 | IBRD-89320 | Int Charges | 186,986.30 |
| Apr 15, 2024 | IBRD-89320 | Int Charges | 156,083.55 |
| Apr 15, 2024 | IBRD-89320 | Int Charges | 2,749,795.50 |
| Apr 15, 2023 | IBRD-89320 | Int Charges | 460,239.72 |
| Apr 15, 2023 | IBRD-89320 | Int Charges | 11,571,568.00 |
| Nov 17, 2023 | IBRD-89320 | Loan Disb | -450,000,000.00 |
| Nov 17, 2023 | IBRD-89320 | Loan Disb | 450,000,000.00 |
| Oct 15, 2022 | IBRD-89320 | Int Charges | 6,648,804.00 |
| Apr 15, 2021 | IBRD-89320 | Int Charges | 2,616,250.00 |
| Oct 15, 2021 | IBRD-89320 | Int Charges | 2,630,625.00 |
| Apr 15, 2022 | IBRD-89320 | Int Charges | 2,479,750.00 |
| Oct 15, 2020 | IBRD-89320 | Int Charges | 4,849,500.00 |
| Oct 15, 2019 | IBRD-89320 | Int Charges | 193,493.16 |
| Oct 15, 2019 | IBRD-89320 | Int Charges | 2,274,889.00 |
| Sep 6, 2019 | IBRD-89320 | Loan Disb | 250,000,000.00 |
| Jun 11, 2019 | IBRD-89320 | Fee Charges | 1,125,000.00 |
| Jun 21, 2019 | IBRD-89320 | Loan Disb | 200,000,000.00 |
| Apr 15, 2020 | IBRD-89320 | Int Charges | 66,780.82 |
| Apr 15, 2020 | IBRD-89320 | Int Charges | 889,260.90 |
| Oct 15, 2023 | IBRD-89320 | Int Charges | 237,509.98 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-16-2021 |
|---|---|
| Outcomes | Substantial |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 07-20-2021 | 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
No data available.