Philippines : Inclusive Finance Development Program (Subprogram 2)

Sovereign Project | 51309-002

Project Name
Inclusive Finance Development Program (Subprogram 2)
Project Number
51309-002
Country / Economy
  • Philippines
Project Status
Closed
Project Type / Modality of Assistance
  • Loan
Source of Funding / Amount
Loan 3959-PHI: Inclusive Finance Development Program (Subprogram 2)
Source Amount
Ordinary capital resources US$ 300.00 million
Operational Priorities
  • OP1: Addressing remaining poverty and reducing inequalities
  • OP2: Accelerating progress in gender equality
  • OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
  • OP6: Strengthening governance and institutional capacity
Sector / Subsector
  • Finance / Inclusive finance

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

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 strengthened

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

Contact

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

Timetable

Concept Clearance
-
Fact Finding
20 Jan 2020 to 08 May 2020
MRM
22 Jun 2020
Approval
21 Aug 2020
Last Review Mission
-
Last PDS Update
24 Aug 2020

Funding

Loan 3959-PHI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
21 Aug 2020 27 Aug 2020 30 Sep 2020 31 Aug 2021 - 01 Feb 2021
Financing Plan
  Total (Amount in US$ million)
Project Cost 300.00
ADB 300.00
Counterpart 0.00
Cofinancing 0.00
Loan Utilization
  Date ADB Others Net Percentage
Cumulative Contract Awards 17 Jun 2022 300.00 0.00 100%
Cumulative Disbursements 17 Jun 2022 300.00 0.00 100%

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.


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.