| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 500.00 |
Philippines Third Disaster Risk Management Development Policy Loan
Abstract*
The Philippines is highly vulnerable to adverse natural events that creates risk to its recent achievements in poverty reduction and can negatively affect economic growth and debt sustainability. Across its 7,641 islands, the Philippines is exposed to multiple natural hazards including typhoons, earthquakes, flooding, storm surges, tsunamis, volcanic eruptions and landslides. Close to 74 percent of the population is vulnerable to natural disasters... Show More
Development Objective
The development objective is to strengthen the policy and institutional capacity of the Government of the Philippines to reduce disaster risk, respond to and recover from natural disasters. This will be achieved by supporting policy actions aimed at further (i) strengthening the policy, regulations and institutional framework for disaster risk reduction; and (ii) enhancing the capacity to respond and recover from disasters.
Key Details
Project Details
P171440
Closed
Lesley Jeanne Cordero , Benedikt Lukas Signer
Republic of the Philippines
July 23, 2019
(as of board presentation)
April 9, 2020
April 27, 2020
US$ 0.00 million
Department of Finance
2020
US$ 500.00 million
N/A
N/A
June 30, 2022
BANK APPROVED
July 12, 2023
Finances
Financing Plan (US$ Millions)
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** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Apr 9, 2020 | IBRD-90800 | Loan Commitment | 500,000,000.00 |
| Apr 1, 2023 | IBRD-90800 | Int Charges | 651,699.90 |
| Oct 1, 2022 | IBRD-90800 | Int Charges | 7,473,841.50 |
| Apr 1, 2022 | IBRD-90800 | Int Charges | 3,513,611.00 |
| Oct 1, 2021 | IBRD-90800 | Int Charges | 3,660,000.00 |
| Apr 1, 2023 | IBRD-90800 | Int Charges | 13,235,051.00 |
| Nov 16, 2023 | IBRD-90800 | Loan Disb | -500,000,000.00 |
| Nov 16, 2023 | IBRD-90800 | Loan Disb | 500,000,000.00 |
| Oct 1, 2023 | IBRD-90800 | Int Charges | 16,277,776.00 |
| Oct 1, 2023 | IBRD-90800 | Int Charges | 289,899.22 |
| Apr 1, 2024 | IBRD-90800 | Int Charges | 261,435.86 |
| Apr 1, 2024 | IBRD-90800 | Int Charges | 4,453,687.00 |
| Apr 1, 2024 | IBRD-90800 | Int Charges | 10,979,028.00 |
| Apr 30, 2020 | IBRD-90800 | Loan Disb | 498,750,016.00 |
| Apr 27, 2020 | IBRD-90800 | Loan Disb | 1,250,000.00 |
| Apr 27, 2020 | IBRD-90800 | Fee Charges | 1,250,000.00 |
| Oct 1, 2020 | IBRD-90800 | Int Charges | 4,876,904.00 |
| Apr 1, 2021 | IBRD-90800 | Int Charges | 3,715,833.20 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Overall Implementation Progress (IP) | Satisfactory | 2022-04-11 |
| Monitoring and Evaluation | Satisfactory | 2022-04-11 |
| Program Management | Satisfactory | 2022-04-11 |
| Progress towards achievement of PDO | Satisfactory | 2022-04-11 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-27-2023 |
|---|---|
| Outcomes | Highly Satisfactory |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 12-15-2023 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Highly Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | N/a | |
| Implementing Agency | N/a | |
| Icr Quality | High | N/a |
| M&e Quality | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
The use of GeoRiskPH for the prioritization of public infrastructure projects by key Government agencies Value 0.00 15.00 5.00 Date July 23, 2019 June 30, 2022 June 30, 2022 Comment Capacity of LGUs to formulate local disaster rehabilitation and recovery programs has been enhanced Value 0.00 197.00 100.00 Date July 23, 2019 June 30, 2022 June 30, 2022 Comment EIA process integrates disaster risk reduction and climate change adaptation measures Value No Yes Yes Date July 23, 2019 June 30, 2022 June 30, 2022 Comment Local DRF strategies to finance post-disaster recovery have been developed Value 0.00 197.00 100.00 Date July 23, 2019 June 30, 2022 June 30, 2022 Comment Using GeoRiskPH, climate resilience and disaster risk reduction measures are integrated in the local DRRM plans of LGUs Value 0.00 108.00 100.00 Date July 23, 2019 June 30, 2022 June 30, 2022 Comment Implementation of the ECT Program by DSWD in disaster affected areas Value 0.00 6.00 1.00 Date July 23, 2019 June 30, 2022 June 30, 2022 Comment A prioritized multi-year investment plan for seismic risk reduction and retrofitting with specific budget allocation has been developed Value No Yes Yes Date July 23, 2019 June 30, 2022 June 30, 2022 Comment Revised guidelines for NCDDP-DROM has been adopted by DSWD to implement post-disaster recovery projects in affected communities Value No Yes Yes Date July 23, 2019 June 30, 2022 June 30, 2022 Comment