Social Protection Support Project (Additional Financing) (ADB-43407-014)

Countries
  • Philippines
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 15, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Department of Social Welfare and Development
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 401.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 17, 2017

Disclosed by Bank Sep 25, 2015


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Project Description
This project finances the expansion of a conditional cash transfer program that provides cash grants to poor households based on their fulfillment of health and education related conditions. This includes improving poverty targeting, improving monitoring and evaluation, and securing adequate and predictable social protection financing.
Investment Description
  • Asian Development Bank (ADB)
This project is funded by a US$ 1 million by the ADB's Technical Assistance Special Fund and a US$ 400 million loan from ADB's ordinary capital resources, as well as a US$ 450 million loan from the World Bank.
Contact Information
*No contacts available* ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main