Philippines: Local Government Finance and Fiscal Decentralization Program

The program was intended to improve service delivery by assisting the development of efficient and transparent local governments within an adequate and equitable fiscal framework. ADB approved a policy-based loan for the first of two subprograms to support local government reform spending through (i) creating a conducive fiscal framework for fiscal sustainability, (ii) developing an adequate and suitable resource framework for fiscal sustainability, (iii) strengthening  PFM to assist efficient LGU service delivery, and (iv) fostering good local governance transparency and accountability.

This report validates the completion report's assessment of the project. IED overall assessment: Successful.