Philippines: Expanding Private Participation in Infrastructure Program
This policy-based loan was approved in 2015 to address the country's development constraints due to an inadequate supply of quality infrastructure. A programmatic approach was used to help leverage government and stakeholder support to implement policy reforms and budget allocations over the medium-term. Subprogram 1’s loan proceeds would be used to support the program’s related development expenditure in the 2015 and 2016 national budgets, and the Subprogram 2 loan would be used to fund government operations and priority reforms including investment climate improvement and infrastructure development. The outcome for both subprograms was improved private participation in infrastructure.
This report validates the completion report's assessment of the project. IED overall assessment: Successful.