Philippines First Digital Transformation Development Policy Financing (WB-P179361)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Philippines
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
Sep 29, 2023
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
  • Communications
  • Law and Government
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)
$ 600.00 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.
Loan Amount (USD)
$ 600.00 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)
$ 600.00 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
Government Documents
Media Documents
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 25, 2023

Disclosed by Bank Mar 24, 2023

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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.

As stated by the World Bank, the proposed operation is the first of a programmatic series of two Development Policy Loans that aims to assist the Government of the Philippines (GoP) to foster an enabling environment for the adoption of digital technologies and to boost inclusive and resilient economic growth.

the development objective of the First Digital Transformation Development Policy Financing for Philippines is to support government reforms to foster an enabling environment for greater digital technology adoption by: (a) improving digital transformation of government and digital infrastructure policies, (b) expanding financial inclusion through digital finance, and (c) boosting business growth in digital services. The development policy loans series builds on the nation’s long-term vision articulated in AmBisyon Natin 2040 and the recently launched Philippine Development Plan 2023-2028 to achieve inclusive growth and supports the government’s reform agenda in accelerating digitalization. 

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

As stated by the World Bank, the overall project risk is "Moderate".

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.

World Bank Team Leaders:

Smita Kuriakose - Senior Economist
Davit Melikyan - Senior Public Sector Specialist
Uzma Khalil - Senior Financial Sector Specialist

No contacts provided at the time of disclosure.

Borrower - Government of The Philippines:

Mr. Benjamin Diokno - Secretary
Email: secfin@dof.gov.ph

Implementing Agencies -

Bangko Sentral ng Pilipinas (Central Bank of The Philippines):

Mr. Felipe Medalla - Governor
Email: FMMedalla@bsp.gov.ph

Bureau of the Treasury:

Ms. Rosalia De Leon - National Treasurer
Email: rvdeleon@treasury.gov.ph

Civil Aeronautics Board:

Attorney Blem Moro - Officer-in-Charge Deputy Executive Director
Email: blem_moro@yahoo.com

Department of Budget and Management:

Ms. Amenah Pangandaman - Secretary
Email: osec@dbm.gov.ph

Department of Finance:

Mr. Benjamin Diokno - Secretary
Email: secfin@dof.gov.ph

Department of Information and Communications Technology:

Mr. John Ivan Uy - Secretary
Email: ivan.uy@dict.gov.ph

Department of Trade and Industry:

Mr. Alfredo Pascual - Secretary
Email: Secretary@dti.gov.ph

Intellectual Property Office of the Philippines:

Atty. Rowel Barba - Director General
Email: rowel.barba@ipophil.gov.ph

Land Registration Authority:

Atty. Gerardo Sirios - Administrator
Email: lra_admin@lra.gov.ph

National Economic and Development Authority:

Mr. Arsenio Balisacan - Secretary
Email: OSEC@neda.gov.ph

Philippine Competition Commission:

Atty. Michael Aguinaldo - Chairperson
Email: mgaguinaldo@phcc.gov.ph

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works