Philippines : Capital Market-Generated Infrastructure Financing Program (Subprogram 1)

Sovereign Project | 53047-001

Project Name Capital Market-Generated Infrastructure Financing Program (Subprogram 1)
Project Number 53047-001
Country / Economy Philippines
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 3925-PHI: Support to Capital Market-Generated Infrastructure Financing Program (Subprogram 1)
Ordinary capital resources US$ 400.00 million
Operational Priorities OP6: Strengthening governance and institutional capacity
OP7: Fostering regional cooperation and integration
Sector / Subsector

Finance / Finance sector development - Infrastructure finance and investment funds - Insurance and contractual savings - Money and capital markets

Gender No gender elements
Project Rationale and Linkage to Country/Regional Strategy

Target for spending on public infrastructure of 7.4% of GDP achieved and private sector participation in infrastructure increased

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
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

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%

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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

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Related Publications

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No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.