Project Data Sheet
Project 43396-013
Project Data Sheet
Project 43396-013
| Project Name | Increasing Competitiveness for Inclusive Growth Program - Subprogram 1 | ||||||||
| Project Number | 43396-013 | ||||||||
| Country / Economy | Philippines |
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| Project Status | Closed | ||||||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Private sector development |
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| Sector / Subsector | Public sector management / Economic affairs management |
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| Gender | Some gender elements | ||||||||
| 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 | Bird, Kelly |
| 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 |
| 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 |
| 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 | 17 Jun 2022 | 350.00 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 100.00 | 17 Jun 2022 | 350.00 | 0.00 | 100% |