| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 600.00 |
Philippines Second Financial Sector Reform Development Policy Financing
Abstract*
The development objective of the Second Financial Sector Reform Development Policy Financing for Philippines is to support financial sector reforms that will assist the Government of the Philippines (GOP) in achieving a resilient, inclusive, and sustainable financial sector. This operation builds on the reform agenda initiated under the first financial sector development policy loan (DPL) and focuses on continuity of reform implementation that spans... 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
P175360
Closed
Uzma Khalil , Radu Tatucu, Ou Nie
Republic of the Philippines
May 29, 2022
(as of board presentation)
January 30, 2023
March 22, 2023
US$ 0.00 million
Department of Finance
2023
US$ 600.00 million
N/A
Not Applicable
June 30, 2024
BANK APPROVED
January 16, 2024
Finances
Financing Plan (US$ Millions)
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 March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 15, 2024 | IBRD-94750 | Int Charges | 16,495.67 |
| Jun 15, 2024 | IBRD-94750 | Int Charges | -16,495.67 |
| Jan 30, 2023 | IBRD-94750 | Loan Commitment | 600,000,000.00 |
| Jun 15, 2024 | IBRD-94750 | Int Charges | 2,104,166.80 |
| Jun 15, 2024 | IBRD-94750 | Int Charges | 406,424.97 |
| Jun 15, 2024 | IBRD-94750 | Int Charges | 15,894,579.00 |
| Jun 15, 2023 | IBRD-94750 | Int Charges | 6,998,533.00 |
| Dec 15, 2023 | IBRD-94750 | Int Charges | 251,849.80 |
| Dec 15, 2023 | IBRD-94750 | Int Charges | 16,320,247.00 |
| Nov 20, 2023 | IBRD-94750 | Loan Disb | -600,000,000.00 |
| Nov 20, 2023 | IBRD-94750 | Loan Disb | 600,000,000.00 |
| Mar 21, 2023 | IBRD-94750 | Loan Disb | 1,500,000.00 |
| Mar 21, 2023 | IBRD-94750 | Fee Charges | 1,500,000.00 |
| Mar 22, 2023 | IBRD-94750 | Loan Disb | 1,500,000.00 |
| Mar 22, 2023 | IBRD-94750 | Fee Charges | 1,500,000.00 |
| Mar 21, 2023 | IBRD-94750 | Fee Charges | -1,500,000.00 |
| Mar 21, 2023 | IBRD-94750 | Loan Disb | -1,500,000.00 |
| Mar 31, 2023 | IBRD-94750 | Loan Disb | 598,499,970.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2024-06-20 |
| Monitoring and Evaluation | Satisfactory | 2024-06-20 |
| Program Management | Satisfactory | 2024-06-20 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-06-20 |
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.