Philippines: Countercyclical Support Loan

Sovereign Project | 43300-013 Status: Closed


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Project Name Countercyclical Support Loan
Project Number 43300-013
Country Philippines
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2538-PHI: Countercyclical Support Loan
Ordinary capital resources US$ 500.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Public sector management - Economic affairs management

Gender Equity and Mainstreaming No gender elements
Project Rationale and Linkage to Country/Regional Strategy
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Safeguard Categories
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
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 Finance
DOF Building
Bangko Sentral ng Pilipinas Complex
Roxas Blvd., Manila, Philippines
Concept Clearance 16 Mar 2009
Fact Finding 17 Mar 2009 to 01 Apr 2009
MRM 24 Jul 2009
Approval 24 Aug 2009
Last Review Mission -
Last PDS Update 28 Oct 2010

Loan 2538-PHI

Approval Signing Date Effectivity Date Closing
Original Revised Actual
24 Aug 2009 27 Aug 2009 14 Sep 2009 31 Dec 2009 - 31 Dec 2009
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 500.00 Cumulative Contract Awards
ADB 500.00 24 Aug 2009 500.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 24 Aug 2009 500.00 0.00 100%
Title Document Type Document Date
Countercyclical Support Project/Program Completion Reports Oct 2011
Countercyclical Support Loan Project/Program Completion Reports Dec 2010
Countercyclical Support Reports and Recommendations of the President Aug 2009
Loan Agreement for Countercyclical Support between Republic of the Philippines and Asian Development Bank Dated 27 August 2009 Loan Agreement (Ordinary Resources) Aug 2009

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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