Philippines : Capital Market-Generated Infrastructure Financing Program (Subprogram 1)
Project Details
-
Project Officer
Schuster, Stephen R.
Southeast Asia Department
Request for information -
Country/Economy
Philippines -
Sector
- Finance
| Project Name | Capital Market-Generated Infrastructure Financing Program (Subprogram 1) | ||||
| Project Number | 53047-001 | ||||
| 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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| Operational Priorities | OP6: Strengthening governance and institutional capacity OP7: Fostering regional cooperation and integration |
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| Sector / Subsector | Finance / Finance sector development - Infrastructure finance and investment funds - Insurance and contractual savings - Money and capital markets |
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| Gender | No gender elements | ||||
| Description | |||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||
| Impact | Target for spending on public infrastructure of 7.4% of GDP achieved and private sector participation in infrastructure increased |
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| Project Outcome | |
|---|---|
| Description of Outcome | Availability of long-term finance for infrastructure increased |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Strategic oversight and the enabling environment Liquidity, transparency, and price discovery in the government bond market Institutional participation in the capital market |
| Status of Implementation Progress (Outputs, Activities, and Issues) | Loan was approved on 26 May 2020 and loan agreement signed on 4 June 2020. It was declared effective on 29 June 2020 and loan was fully disbursed on 1 July 2020. The loan was financially closed on 30 July 2020. |
| 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 | Schuster, Stephen R. |
| 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 | 22 Aug 2019 |
| Fact Finding | 23 Aug 2019 to 23 Aug 2019 |
| MRM | 17 Jan 2020 |
| Approval | 26 May 2020 |
| Last Review Mission | - |
| Last PDS Update | 29 Sep 2020 |
Loan 3925-PHI
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 26 May 2020 | 04 Jun 2020 | 29 Jun 2020 | 30 Apr 2021 | - | 30 Jul 2020 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 400.00 | Cumulative Contract Awards | |||
| ADB | 400.00 | 17 Jun 2022 | 400.00 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 17 Jun 2022 | 400.00 | 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.
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| Title | Document Type | Document Date |
|---|---|---|
| Loan Agreement (Ordinary Operations) for Loan 3925-PHI: Support to Capital Market-Generated Infrastructure Financing | Loan Agreement (Ordinary Resources) | Jun 2020 |
| Support to Capital Market-Generated Infrastructure Financing Program (Subprogram 1): Report and Recommendation of the President | Reports and Recommendations of the President | May 2020 |
| Support to Capital Market-Generated Infrastructure Financing: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Aug 2019 |
| Support to Capital Market-Generated Infrastructure Financing: Concept Paper | Concept Papers | Aug 2019 |
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.
ADB Approves $400 Million Loan to Support Philippines' Capital Market Development
ADB has approved a $400 million policy-based loan to support the Philippine government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth and poverty reduction.
Tenders
Contracts Awarded
Procurement Plan
None currently available.