The program development objective of this programmatic operation is to support financial sector reforms that will assist the Government of the Philippines in achieving a resilient, inclusive and sustainable financial sector.
This programmatic DPL series is structured around the following three pillars:
Pillar A: Strengthening Financial Sector Stability and Resilience. Pillar objectives: to support reforms aimed at improving financial sector resilience to withstand the risks arising from the COVID-19 crisis while accelerating structural reforms to support economic recovery.
Pillar B: Expanding Financial Inclusion for Individuals and Firms. Pillar objectives: to support reforms to expand financial inclusion for individuals and firms by harnessing digital technologies, building consumer trust, and addressing the MSME’s financial needs for recovery and innovation.
Pillar C: Catalyzing Climate and Disaster Risk and Sustainable Finance. Pillar objectives: to support reforms aimed at improving the management of disaster risk and greening the financial sector to support sustainable economic recovery from the COVID-19 crisis.
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