Countries and Regions

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Country Strategy and Program Update 2002: Philippines

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I. Background

The 2002-2004 Country Strategy and Program Update (CSPU) for Philippines was considered by the Board on 18 September 2001. Subsequently, the Government requested ADB to provide support for urgent activities to sustain the progress achieved under the ADB supported Power Sector Restructuring Program (PSRP).1 In response, ADB proposes to include two new operations in its 2002 program: an investment loan for $40 million and a partial credit guarantee of up to about $400 million (in net present value terms).

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