Philippines: Financial Market Regulation and Intermediation Program

Sovereign Project | 38276-013 Status: Closed

Summary

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


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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
Description
Project Rationale and Linkage to Country/Regional Strategy The proposed program is incuded in the Philippine Country Strategy and Program 2005-2007
Impact

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 Staff

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*
rbtan@dof.gov.ph
DOF Building
Bangko Sentral ng Pilipinas Complex
Roxas Blvd., Manila, Philippines

Timetable

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

Milestones
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

Milestones
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

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


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