Philippines : Inclusive Finance Development Program (Subprogram 1)

Sovereign Project | 51309-001

Project Name Inclusive Finance Development Program (Subprogram 1)
Project Number 51309-001
Country / Economy Philippines
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 3707-PHI: Inclusive Finance Development Program (Subprogram 1)
Ordinary capital resources US$ 300.00 million
Loan: Inclusive Finance Development Program (Subprogram 1)
Agence Francaise de Developpement US$ 174.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Private sector development
Sector / Subsector

Finance / Inclusive finance

Gender Some gender elements
Project Rationale and Linkage to Country/Regional Strategy

Resilient and inclusive finance sector achieved

Project Outcome
Description of Outcome

Financial inclusion increased

Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Institutional and policy environment for financial inclusion

Infrastructure for financial inclusion

Capacity of financial service providers

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
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 Hattel, Kelly L.
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Department of Finance
Concept Clearance 22 Feb 2018
Fact Finding 01 Mar 2018 to 27 Mar 2018
MRM 10 May 2018
Approval 19 Sep 2018
Last Review Mission -
Last PDS Update 12 Jun 2019

Loan 3707-PHI

Approval Signing Date Effectivity Date Closing
Original Revised Actual
19 Sep 2018 09 Oct 2018 20 Dec 2018 31 Dec 2019 - 20 Feb 2019
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 300.00 Cumulative Contract Awards
ADB 300.00 17 Jun 2022 300.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 17 Jun 2022 300.00 0.00 100%

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Contracts Awarded

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Procurement Plan

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