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

Country Philippines
Project Number 38276-023
Type or Modality of Assistance Loan
Financing Public sector (Sovereign)
Status Closed
Approval Number Loan No. 2715
Approval Date 07 Dec 2010
Closing Date 15 Apr 2012
ADB Financing ($ thousand) 200,000
Geographical Location Philippines - National
Sector Finance
Subsector Banking systems and nonbank financial institutions
Finance sector development
Insurance and contractual savings
Money and capital markets
Strategic Agendas Inclusive economic growth (IEG)

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