The Asian Development Bank is working with the Philippines to encourage economic growth and reduce unemployment by managing public debt. The program is working to improve fiscal sustainability, macroeconomic stability, creditworthiness by raising tax revenues, strengthening tax administration, and reducing inefficient spending.
| Project Name | Development Policy Support Program, Subprogram 2 | ||||||||||||
| Project Number | 40538-023 | ||||||||||||
| Country | Philippines |
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| Project Status | Closed | ||||||||||||
| Project Type / Modality of Assistance | Loan Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Governance and capacity development Private sector development |
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| Sector / Subsector | Public sector management / Economic affairs management |
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| Gender Equity and Mainstreaming | No gender elements | ||||||||||||
| Description | The subprogram 2 for 2008 builds on erforms initiated under subprogram 1 for fiscal consolidation and strengthening of governance in PEM and procurement. | ||||||||||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||||||||||
| Impact | (i) Sustainable higher economic growth; (ii) Reduced unemployment | ||||||||||||
| Project Outcome | |
|---|---|
| Description of Outcome | Improved investor confidence. |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | 1. Improved fiscal and macroeconomic stability: - Reduced national government and consolidated public sector deficits - Strengthened public debt management systems - Increased tax revenue as a share of GDP - Implemented tax administration reforms 2. Improved governance in public expenditure management and anticorruption: - Strengthened institutional and reporting framework for effective public financial management, and improved performance management and delivery of public services - Procurement systems made more efficient, useable, and transparent - Strengthened anticorruption programs in the revenue agencies 3. Investment climate and infrastructure - Reduced business transaction costs - Increased private participation in infrastructure provision 4. Social inclusion - Improved poverty monitoring and targeting |
| 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 | |
| Business Opportunities | |
|---|---|
| Consulting Services | tbd |
| Procurement | The loan proceeds will be used to finance the full foreign exchange costs (excluding local duties and taxes) of items produced and procured in ADB member countries, excluding ineligible items and imports financed by other bilateral and multilateral sources. |
| 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 |
| Timetable | |
|---|---|
| Concept Clearance | 22 Aug 2006 |
| Fact Finding | 03 Dec 2007 to 25 Jan 2008 |
| MRM | 17 Jul 2008 |
| Approval | 08 May 2009 |
| Last Review Mission | - |
| Last PDS Update | 28 Oct 2010 |
Loan 2450-PHI
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 30 Sep 2008 | 07 Oct 2008 | 18 Nov 2008 | 31 Mar 2009 | - | 20 Nov 2008 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 350.35 | Cumulative Contract Awards | |||
| ADB | 250.00 | 30 Sep 2008 | 250.00 | 0.00 | 100% |
| Counterpart | 0.35 | Cumulative Disbursements | |||
| Cofinancing | 100.00 | 30 Sep 2008 | 250.00 | 0.00 | 100% |
TA 7138-PHI
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 30 Sep 2008 | 18 Dec 2008 | 18 Dec 2008 | 31 Mar 2010 | 31 Dec 2012 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 800,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 800,000.00 | 30 Sep 2008 | 541,300.00 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Improving Public Expenditure Management | TA Completion Reports | Jul 2014 |
| Development Policy Support Program Cluster | Project/Program Completion Reports | Dec 2010 |
| Loan Agreement for Development Policy Support Program Cluster- Subprogram 2 between Republic of the Philippines and Asian Development Bank dated 7 October 2008 | Loan Agreement (Ordinary Resources) | Oct 2008 |
| Development Policy Support Program - Subprogram 2 | Reports and Recommendations of the President | Sep 2008 |
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.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
Tenders
No tenders for this project were found.
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.