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|
Banking systems and nonbank financial institutions
Finance sector development
Insurance and contractual savings
Money and capital markets
Inclusive economic growth (IEG)
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.