Philippines: Development Policy Support Program, Subprogram 2

Sovereign Project | 40538-023

Summary

The subprogram 2 for 2008 builds on erforms initiated under subprogram 1 for fiscal consolidation and strengthening of governance in PEM and procurement.

Latest Project Documents


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Project Name Development Policy Support Program, Subprogram 2
Project Number 40538-023
Country Philippines
Project Status Closed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan 2450-PHI: Development Policy Support Program, Subprogram 2
Ordinary capital resources US$ 250.00 million
Loan: Development Policy Support Program, Subprogram 2
Japan International Cooperation Agency US$ 100.00 million
TA 7138-PHI: Improving Public Expenditure Management
Technical Assistance Special Fund US$ 800,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector Public sector management - Economic affairs management
Gender Equity and Mainstreaming
Description The subprogram 2 for 2008 builds on erforms initiated under subprogram 1 for fiscal consolidation and strengthening of governance in PEM and procurement.
Project Rationale and Linkage to Country/Regional Strategy
Impact (i) Sustainable higher economic growth; (ii) Reduced unemployment
Project Outcome
Description of Outcome Improved investor confidence.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. Improved fiscal and macroeconomic stability:

- Reduced national government and consolidated public sector deficits

- Strengthened public debt management systems

- Increased tax revenue as a share of GDP

- Implemented tax administration reforms

2. Improved governance in public expenditure management and anticorruption:

- Strengthened institutional and reporting framework for effective public financial management, and improved performance management and delivery of public services

- Procurement systems made more efficient, useable, and transparent

- Strengthened anticorruption programs in the revenue agencies

3. Investment climate and infrastructure

- Reduced business transaction costs

- Increased private participation in infrastructure provision

4. Social inclusion

- Improved poverty monitoring and targeting

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
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 tbd
Procurement The loan proceeds will be used to finance the full foreign exchange costs (excluding local duties and taxes) of items produced and procured in ADB member countries, excluding ineligible items and imports financed by other bilateral and multilateral sources.
Responsible ADB Officer Kelly Bird
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Department of FinanceDOF Building
Bangko Sentral ng Pilipinas Complex
Roxas Blvd., Manila, Philippines
Timetable
Concept Clearance 22 Aug 2006
Fact Finding 03 Dec 2007 to 25 Jan 2008
MRM 17 Jul 2008
Approval 30 Sep 2008
Last Review Mission -
Last PDS Update 28 Oct 2010

Loan

Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 100.35 Cumulative Contract Awards
ADB 0.00 - 0.00 0.00 %
Counterpart 0.35 Cumulative Disbursements
Cofinancing 100.00 - 0.00 0.00 %

Loan 2450-PHI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
30 Sep 2008 07 Oct 2008 18 Nov 2008 31 Mar 2009 - 20 Nov 2008
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 350.35 Cumulative Contract Awards
ADB 250.00 30 Sep 2008 250.00 0.00 100%
Counterpart 0.35 Cumulative Disbursements
Cofinancing 100.00 30 Sep 2008 250.00 0.00 100%

TA 7138-PHI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
30 Sep 2008 18 Dec 2008 18 Dec 2008 31 Mar 2010 31 Dec 2012 -
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 30 Sep 2008 541,300.00

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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