According to the Bank’s website, the DPL series aims to support the Government of the Philippines: (1) strengthen fiscal management; (2) enhance opportunities for private investment and innovation; and (3) build labor force capabilities.

This program document proposes the first of two Development Policy Loans (DPLs) to support the Government of the Philippines' reforms to sustain faster-for-longer growth as the foundation for better jobs. The operation provides 800 million dollars in IBRD financing while advancing critical reforms across three mutually reinforcing pillars and objectives:
(a) strengthen fiscal management;
(b) enhance opportunities for private investment and innovation; and
(c) build labor force capabilities.

The operation is underpinned by the recently completed Philippines Country Growth and Jobs Report and other analytical and advisory work of the World Bank Group. The three pillars of this operation are mutually reinforcing. Fiscal reforms lower risk premia and expand fiscal space for productive investment in infrastructure and human capital, both essential for job creation. A predictable, competitive business environment reduces entry and operating costs, crowds in private investment, accelerates the diffusion of technology, and broadens the tax base. As firms scale up, they create jobs and demand skills. Stronger worker capabilities, through improved foundational learning, market-relevant training, and higher female participation, enable firms to adopt new technologies and drive the shift towards more sophisticated activities and better jobs. Together, these reforms set in motion a virtuous cycle of higher productivity, more and better jobs, and faster, more inclusive growth.

According to the Program Information Document (PID), the overall program risk is moderate. Most risk categories—political and governance, macroeconomic, sector strategies and policies, technical design, fiduciary, environmental and social, and stakeholder engagement—are rated as moderate.

Total Project Cost: US$ 800.00 million
World Bank Lending: US$ 800.00 million

World Bank
Jaffar Al Rikabi - Senior Economist
Luis Andres Razon Abad - Senior Private Sector Specialist

Borrower/Client/Recipient
Department of Finance

Implementing Agencies
Department of Education
Board of Investments
Anti-Red Tape Authority
Early Childhood Care Development Council
Bangko Sentral ng Pilipinas
Department of Economy, Planning, and Development
Department of Budget and Management
Bureau of Internal Revenue
Department of Trade and Industry
Department of Interior and Local Government
Securities Exchange Commission
Technical Education and Skills Development Authority
National Tax Research Center (NTRC)
Government Procurement Policy Board

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