Local Government Finance and Fiscal Decentralization Reform Program, Subprogram 2 (ADB-44253-016)

Countries
  • Philippines
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nation-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 13, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Bureau of Local Government Finance, Department of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 26, 2020

Disclosed by Bank Dec 16, 2016

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The program supports the government’s commitment to improve service delivery by local government units (LGUs) and represents a long-term partnership between the Asian Development Bank (ADB) and the government. The government’s priorities to improve local service delivery include (i) enhancing LGU access to own-revenue sources, (ii) strengthening public financial management systems, (iii) improving the transparency and accountability of LGUs, and (iv) improving the regulatory framework for intergovernmental fiscal relations.

The project outcome will be efficient and transparent local government financial management systems developed. There are four major outputs which are aligned with the government’s reform priorities. Subprogram 2 includes 26 policy actions (14 triggers and 12 milestones), which were completed from July 2013 to May 2016.

Output 1: Resource framework for fiscal sustainability developed.

Output 2: Public financial management system to assist efficient local government
unit service delivery strengthened.

Output 3: Local governance, transparency, and accountability systems
established.

Output 4: Fiscal framework for inclusive growth created.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Additional Loan: Local Government Finance and Fiscal Decentralization Reform Program, Subprogram 2
Agence Francaise de Developpement US$ 150.00 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Responsible ADB Officer Responsible
Schuster, Stephen R.
Southeast Asia Department
Public Management, Financial Sector and Trade Division, SERD

Executing Agencies
Department of Finance
DOF Building
Bangko Sentral ng Pilipinas Complex Roxas Blvd., Manila, Philippines

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

How it works

How it works