Enhancing Rural Enterprise and Rural Employment Project (ADB-48144-002)

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
Proposed
Bank Risk Rating
B
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
Jun 29, 2017
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
Government of the Philippines
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
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)
$ 200.00 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 11, 2017

Disclosed by Bank Sep 30, 2016


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Project Description
The new Philippine Development Plan 2014-2018 emphasizes private sector solutions for driving decent employment creation and services delivery for the poor. One of its aims is to achieve inclusive growth is create at least one million new jobs per year, especially in the rural areas. This project will be the government's direct contribution to this development goal by enhancing rural enterprises to create new jobs for the poor and low income people in the rural areas (villages and smaller towns) of the Philippines. The project directly addresses income poverty and vulnerability. The proposed project is also aligned with Philippines Country Partnership Strategy (CPS) 2011- 2016. During the PPTA, various assessments will be done that provide insights on (a) investment plans of companies and their value chains to provide income opportunities for the low income people, (b) labor market studies, (c) gender implications of such income opportunities, (d) studies on what impedes the private sector to create more decent jobs, (e) suggestions on a flexible implementation structure which is private sector driven, and (f) a monitoring and ex-ante impact assessment system that provides government and industries with data on created job results. IMPACT Increased rural household income in the project areas. OUTCOME Rural employment opportunities in agro-processing and rural tourism sectors for poor and low income beneficiaries increased OUTPUTS The cost of doing business is reduced New and existing rural enterprises (agro-processing and rural tourism enterprises) and inclusive business supported Skills of employees and job seekers developed. Efficient and timely program management
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Department of Trade and Industry 4th Flr., Industry & Investment Building 385 Sen. Gil J. Puyat Avenue, Makati 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