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Promoting Competitiveness and Enhancing Resilience to Natural Disasters Sub-program 2 Development Policy Loan

Abstract*

The development objective of the Promoting Competitiveness and Enhancing Resilience to Natural Disasters Sub-Program 2 Development Policy Loan in Philippines supports: i) promoting competitiveness and ii) enhancing resilience. The policy actions supported by the operation are critical to a smooth and inclusive recovery through the implementation of reforms in the areas of competitiveness and resilience to shocks. The policy matrix is streamlined from...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The DPL series aim to support the Government of the Philippines in: i) promoting competitiveness and ii) enhancing resilience.

Key Details

Project Details

  • P170914

  • Closed

  • Rong Qian

  • Republic of the Philippines

  • Philippines

  • September 13, 2020

  • (as of board presentation)

    December 16, 2020

  • February 16, 2021

  • US$ 0.00 million

  • Department of Finance

  • East Asia and Pacific

  • 2021

  • US$ 600.00 million

  • N/A

  • Not Applicable

  • March 31, 2022

  • BANK APPROVED

  • P170052

  • March 26, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 600.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 600.00
IDA Commitment N/A
IBRD + IDA Commitment 600.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 16, 2021 IBRD-91890 Loan Disb 598,499,970.00
Jun 15, 2021 IBRD-91890 Int Charges 1,138,375.00
Jun 15, 2021 IBRD-91890 Int Charges 102,482.88
Feb 16, 2021 IBRD-91890 Fee Charges 1,500,000.00
Feb 16, 2021 IBRD-91890 Loan Disb 1,500,000.00
Nov 16, 2023 IBRD-91890 Loan Disb -600,000,000.00
Jun 15, 2023 IBRD-91890 Int Charges 15,685,426.00
Jun 15, 2023 IBRD-91890 Int Charges 767,647.40
Dec 15, 2022 IBRD-91890 Int Charges 10,519,378.00
Dec 15, 2021 IBRD-91890 Int Charges 2,074,000.00
Dec 16, 2020 IBRD-91890 Loan Commitment 600,000,000.00
Jun 15, 2024 IBRD-91890 Int Charges 471,727.78
Jun 15, 2024 IBRD-91890 Int Charges 2,334,500.00
Jun 15, 2024 IBRD-91890 Int Charges 15,152,670.00
Jun 15, 2024 IBRD-91890 Int Charges 22,102.36
Jun 15, 2024 IBRD-91890 Int Charges -22,102.36
Dec 15, 2023 IBRD-91890 Int Charges 15,262,110.00
Jun 15, 2022 IBRD-91890 Int Charges 2,517,666.80
Nov 16, 2023 IBRD-91890 Loan Disb 600,000,000.00
Dec 15, 2023 IBRD-91890 Int Charges 319,080.56

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 03-25-2024
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-12-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

No data available.