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

Countries
  • Philippines
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jun 29, 2017
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
Government of the Philippines
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 200.00 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
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 25, 2020

Disclosed by Bank Sep 30, 2016

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

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.

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

How it works

How it works