| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 600.00 |
Philippines Promoting Competitiveness and Enhancing Resilience to Natural Disasters Sub-Program 3
Abstract*
The development objectives of the Promoting Competitiveness and Enhancing Resilience to Natural Disasters Sub-Program 3 Development Policy Loan in Philippines are to support the Government of the Philippines in: i) promoting competitiveness; and ii) enhancing resilience. Pillar one, promoting competitiveness: (i) promotes investment in telecommunications; (ii) reduces the cost of doing business; (iii) improves trade facilitation by modernizing customs... Show More
Development Objective
The DPL series aims to support the Government of the Philippines in: i) promoting competitiveness and ii) enhancing resilience.
Key Details
Project Details
P176891
Closed
Rong Qian , Jaime Frias, Kevin Chua
Republic of the Philippines
June 14, 2021
(as of board presentation)
December 10, 2021
January 5, 2022
US$ 0.00 million
Department of Finance
2022
US$ 600.00 million
N/A
March 26, 2024
March 31, 2023
BANK APPROVED
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 1, 2022 | IBRD-93120 | Int Charges | 2,520,315.00 |
| Dec 10, 2021 | IBRD-93120 | Loan Commitment | 600,000,000.00 |
| Jun 1, 2024 | IBRD-93120 | Int Charges | 24,065.59 |
| Jun 1, 2024 | IBRD-93120 | Int Charges | -24,065.59 |
| Jun 1, 2024 | IBRD-93120 | Int Charges | 181,877.61 |
| Nov 16, 2023 | IBRD-93120 | Loan Disb | 600,000,000.00 |
| Nov 16, 2023 | IBRD-93120 | Loan Disb | -600,000,000.00 |
| Dec 1, 2023 | IBRD-93120 | Int Charges | 17,321,180.00 |
| Dec 1, 2023 | IBRD-93120 | Int Charges | 384,286.34 |
| Jun 1, 2023 | IBRD-93120 | Int Charges | 16,079,388.00 |
| Jun 1, 2023 | IBRD-93120 | Int Charges | 938,450.56 |
| Jan 5, 2022 | IBRD-93120 | Loan Disb | 1,500,000.00 |
| Jun 1, 2024 | IBRD-93120 | Int Charges | 1,262,500.00 |
| Jun 1, 2024 | IBRD-93120 | Int Charges | 16,111,557.00 |
| Dec 1, 2022 | IBRD-93120 | Int Charges | 10,392,096.00 |
| Jan 5, 2022 | IBRD-93120 | Fee Charges | 1,500,000.00 |
| Jan 12, 2022 | IBRD-93120 | Loan Disb | 598,499,970.00 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-25-2024 |
|---|---|
| Outcomes | Moderately Satisfactory |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 06-12-2024 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately 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 | Substantial | N/a |
| M&e Quality | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Share of population with unique subscription to mobile internet Value 45.50 56.30 57.00 Date December 31, 2019 December 31, 2022 December 31, 2022 Comment Fixed broadband subscriptions (per 100 people) Value 5.40 7.90 6.00 Date December 31, 2019 December 31, 2022 December 31, 2022 Comment Investment in telecommunication (USD billion) Value 2.10 1.78 3.00 Date December 31, 2019 December 31, 2022 December 31, 2022 Comment Excise tax revenue as share of GDP Value 2.10 2.30 2.40 Date December 31, 2018 December 31, 2022 December 31, 2022 Comment Share of Investment Promotion Agencies, which have adopted the new Cost Benefit Analysis framework Value 0.00 79.00 50.00 Date December 31, 2018 December 31, 2022 December 31, 2022 Comment Use of foundational ID in key public and private transactions Value No Yes Yes Date December 31, 2018 December 31, 2022 December 31, 2022 Comment Share of business registrations in the Securities and Exchange Commission taking 3 days or less Value 43.50 100.00 80.00 Date December 31, 2019 December 31, 2022 December 31, 2022 Comment Sex- disaggregated data on new business registration for one person corporations regularly collected by the Securities and ExchangeCommission and made publicly available Value No Yes Yes Date December 31, 2018 December 31, 2022 December 31, 2022 Comment Container average clearance time Value 10.00 9.00 8.00 Date December 31, 2019 December 31, 2022 December 31, 2022 Comment Gap between domestic and international price of rice calculated as domestic price less international price as percent of international price Value 68.00 39.00 50.00 Date December 31, 2018 December 31, 2022 December 31, 2022 Comment Average rice yield in the target areas of RCEF (metric tons per hectare) Value 4.04 4.11 4.18 Date December 31, 2019 December 31, 2022 December 31, 2022 Comment Net equity capital of foreign direct investment in retail and wholesale as share of GDP Value 0.02 0.02 0.02 Date December 31, 2020 December 31, 2022 December 31, 2022 Comment Volume of InstaPay transactions per year (million) Value 2.50 548.70 300.00 Date December 31, 2018 December 31, 2022 December 31, 2022 Comment Number of types of pre-arranged or improved financial mechanisms for disaster response Value 2.00 9.00 7.00 Date December 31, 2018 December 31, 2022 December 31, 2022 Comment Share of public assets included in asset registry for five key agencies Value 0.00 81.00 60.00 Date December 31, 2018 December 31, 2023 December 31, 2022 Comment