38276-023: Financial Market Regulation and Intermediation Program - Subprogram 2
Project Data Sheet (PDS): Overview
Output 1: Enhanced Financial Sector Stability. To mitigate the immediate effects of the crisis, the government has enacted a number of measures to strengthen its ability to assure the stability of the financial sector and to reduce systemic risk. The central bank, Bangko Sentral ng Pilipinas (BSP), adopted measures to provide additional liquidity to the banking sector and enhanced its ability to serve as a lender of last resort by doubling the peso rediscounting facility to P60 million, as ... Read More
|Type or Modality of Assistance||
|Financing||Public sector (Sovereign)|
Loan No. 2715
|Approval Date||07 Dec 2010|
|Closing Date||15 Apr 2012|
|ADB Financing ($ thousand)||200,000|
|Geographical Location||Philippines - National|
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