Philippines: Increasing Competitiveness for Inclusive Growth Program - Subprogram 1

Sovereign Project | 43396-013

Summary

The program loan with ADB loan amount of US$350 million was approved by ADB on 26 June 2012. The loan agreement was signed 04 July 2012 and became effective 16 August 2012. The program will support the government's key reform priorities aimed at employment generation by increasing competitiveness in the economy using an inclusive approach through the labor market. The structural reform priorities include efforts to enhance the business climate by promoting competition policy, regulatory efficiency, competitive logistics, and private sector participation in infrastructure through public private partnership (PPP) projects. Subprogram 1 supports the government's efforts in improving competitiveness and inclusiveness in three outputs: (i) structural policy reforms to the economy, (ii) creating an efficient market for infrastructure projects through PPP projects, and (iii) promoting competitive labor markets. All 25 policy measures required for subprogram 1 have been fully accomplished.

Latest Project Documents


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Project Name Increasing Competitiveness for Inclusive Growth Program - Subprogram 1
Project Number 43396-013
Country Philippines
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2872-PHI: Increasing Competitiveness for Inclusive Growth Program - Subprogram 1
Ordinary capital resources US$ 350.00 million
Loan: Increasing Competitiveness for Inclusive Growth Program - Subprogram 1
Japan International Cooperation Agency US$ 100.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector

Public sector management - Economic affairs management

Gender Equity and Mainstreaming
Description The program loan with ADB loan amount of US$350 million was approved by ADB on 26 June 2012. The loan agreement was signed 04 July 2012 and became effective 16 August 2012. The program will support the government's key reform priorities aimed at employment generation by increasing competitiveness in the economy using an inclusive approach through the labor market. The structural reform priorities include efforts to enhance the business climate by promoting competition policy, regulatory efficiency, competitive logistics, and private sector participation in infrastructure through public private partnership (PPP) projects. Subprogram 1 supports the government's efforts in improving competitiveness and inclusiveness in three outputs: (i) structural policy reforms to the economy, (ii) creating an efficient market for infrastructure projects through PPP projects, and (iii) promoting competitive labor markets. All 25 policy measures required for subprogram 1 have been fully accomplished. The Department of Finance (DoF) will be the executing agency for the program and will be responsible for the overall implementation of subprogram 1 and the medium-term results framework.
Project Rationale and Linkage to Country/Regional Strategy
Impact Improved investment climate.
Project Outcome
Description of Outcome Improved competitiveness of selected sectors
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Structural policy reforms to promote competitiveness implemented.

Competitiveness of labor markets improved

Efficient market for infrastructure projects through PPPs enhanced

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
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 21 Sep 2011
Fact Finding 17 Nov 2011 to 14 Dec 2011
MRM 31 Jan 2012
Approval 26 Jun 2012
Last Review Mission -
PDS Creation Date 16 Mar 2010
Last PDS Update 21 Sep 2011

Loan 2872-PHI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Jun 2012 04 Jul 2012 16 Aug 2012 31 Oct 2012 31 Dec 2012 07 Dec 2012
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 450.00 Cumulative Contract Awards
ADB 350.00 26 Jun 2012 350.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 100.00 26 Jun 2012 350.00 0.00 100%

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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