38276-023: Financial Market Regulation and Intermediation Program - Subprogram 2

Project Data Sheet (PDS): Overview


Description

Output 1: Enhanced Financial Sector Stability. To mitigate the immediate effects of the crisis, the government has enacted a number of measures to strengthen its ability to assure the stability of the financial sector and to reduce systemic risk. The central bank, Bangko Sentral ng Pilipinas (BSP), adopted measures to provide additional liquidity to the banking sector and enhanced its ability to serve as a lender of last resort by doubling the peso rediscounting facility to P60 million, as well ... Read More

Country Philippines
Project Number 38276-023
Project Type or Modality of Assistance Loan
Financing Public sector (Sovereign)
Status Approved
Approval Number Loan No. 2715
Approval Date 07 Dec 2010
Closing Date 15 Apr 2012
ADB Financing ($ thousand) 200,000
Geographical Location Philippines - National
Sector Multisector
Subsector Multisector
Gender Equity and Mainstreaming Categories Some gender benefits

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Project Data Sheets (PDS)

Responsible ADB Officer
Stephen Schuster
Request for information

Responsible ADB Department
Southeast Asia Department

Responsible ADB Divisions
Public Management, Financial Sector and Trade Division, SERD

Executing Agencies
Department of Finance

PDS Creation Date
22 Oct 2009

Last PDS Update
26 Apr 2013

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