| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 400.00 |
Philippines First Financial Sector Reform Development Policy Financing
Abstract*
The development objective of the First Financial Sector Reform Development Policy Financing Project in Philippines is to support financial sector reforms to assist the Government of the Philippines in achieving a resilient, inclusive and sustainable financial sector. The first pillar supports reforms aimed at strengthening financial sector stability, integrity and resilience. It supports authorities in addressing significant legal, regulatory, and... Show More
Development Objective
The program development objective of this programmatic operation is to support financial sector reforms that will assist the Government of the Philippines in achieving a resilient, inclusive and sustainable financial sector.
Key Details
Project Details
P175008
Closed
Uzma Khalil , Isaku Endo
Republic of the Philippines
December 23, 2020
(as of board presentation)
June 24, 2021
August 25, 2021
US$ 0.00 million
Department of Finance
2021
US$ 400.00 million
N/A
June 20, 2022
June 30, 2022
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 400.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 400.00 |
| 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$) |
|---|---|---|---|
| Jun 15, 2024 | IBRD-92750 | Int Charges | 14,734.91 |
| Dec 15, 2022 | IBRD-92750 | Int Charges | 7,521,252.00 |
| Jun 15, 2024 | IBRD-92750 | Int Charges | 10,563,002.00 |
| Jun 15, 2024 | IBRD-92750 | Int Charges | 1,630,444.50 |
| Jun 15, 2024 | IBRD-92750 | Int Charges | 320,929.62 |
| Jun 15, 2024 | IBRD-92750 | Int Charges | -14,734.91 |
| Jun 15, 2023 | IBRD-92750 | Int Charges | 511,764.94 |
| Jun 15, 2023 | IBRD-92750 | Int Charges | 10,962,506.00 |
| Nov 16, 2023 | IBRD-92750 | Loan Disb | 400,000,000.00 |
| Nov 16, 2023 | IBRD-92750 | Loan Disb | -400,000,000.00 |
| Dec 15, 2023 | IBRD-92750 | Int Charges | 212,720.38 |
| Dec 15, 2023 | IBRD-92750 | Int Charges | 10,602,518.00 |
| Aug 25, 2021 | IBRD-92750 | Fee Charges | 1,000,000.00 |
| Sep 13, 2021 | IBRD-92750 | Loan Disb | 399,000,000.00 |
| Jun 15, 2022 | IBRD-92750 | Int Charges | 2,184,000.00 |
| Aug 25, 2021 | IBRD-92750 | Loan Disb | 1,000,000.00 |
| Dec 15, 2021 | IBRD-92750 | Int Charges | 961,490.80 |
| Jun 24, 2021 | IBRD-92750 | Loan Commitment | 400,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2022-06-26 |
| Monitoring and Evaluation | Satisfactory | 2022-06-26 |
| Overall Implementation Progress (IP) | Satisfactory | 2022-06-26 |
| Program Management | Satisfactory | 2022-06-26 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: |
|---|---|
| Outcomes | |
| Risk to Development Outcome | |
| Bank Performance | |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.