Philippines: Financial Market Regulation and Intermediation Program

Sovereign Project | 38276-013


ADB is helping the Philippines develop a more efficient financial sector. The project supports the government's efforts to broaden and deepen the financial system, strengthen governance in the non-bank financial subsector, and improve efficiency in the securities market.

Latest Project Documents

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Name Financial Market Regulation and Intermediation Program
Project Number 38276-013
Country Philippines
Project Status Closed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan 2278-PHI: Financial Market Regulation and Intermediation Program
Ordinary capital resources US$ 200.00 million
TA 4884-PHI: Strengthening Regulation and Governance
Japan Special Fund US$ 800,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Finance sector development

Gender Equity and Mainstreaming No gender elements
Project Rationale and Linkage to Country/Regional Strategy The proposed program is incuded in the Philippine Country Strategy and Program 2005-2007
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Philippines
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services Not applicable.
Procurement The loan proceeds will be used to finance the foreign exchange costs of items produced and procured in ADB member countries (other than items specified in the negative list of imports financed by other bilateral and multilateral sources).
Responsible ADB Officer Stephen Schuster
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Department of Finance
Roberto B. Tan*
DOF Building
Bangko Sentral ng Pilipinas Complex
Roxas Blvd., Manila, Philippines
Concept Clearance 17 Jun 2005
Fact Finding 02 Feb 2006 to 10 Jun 2006
MRM 02 Aug 2006
Approval 06 Dec 2006
Last Review Mission -
PDS Creation Date 11 Apr 2006
Last PDS Update 23 Oct 2009

Loan 2278-PHI

Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Dec 2006 11 Dec 2006 20 Dec 2006 31 Dec 2008 - 22 Dec 2006
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 200.12 Cumulative Contract Awards
ADB 200.00 06 Dec 2006 200.00 0.00 100%
Counterpart 0.12 Cumulative Disbursements
Cofinancing 0.00 06 Dec 2006 200.00 0.00 100%

TA 4884-PHI

Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Dec 2006 14 Feb 2007 14 Feb 2007 05 Aug 2007 28 Feb 2010 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
800,000.00 0.00 0.00 0.00 0.00 0.00 800,000.00 06 Dec 2006 547,156.54

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation
Title Document Type Document Date
Philippines: Financial Market Regulation and Intermediation Program Validations of Project Completion Reports Nov 2014

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.