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LOANS & CREDITS

Philippines - Social Welfare & Development Reform [Additional Financing]

December 11, 2012



IBRD Loan: US$100 million

Terms: Maturity = 25 years; Grace = 10 years

Project ID: P122702

Project Description: The additional financing will be used to expand the coverage of the conditional cash transfer component to about 200,000 more households. The  Social Welfare & Development Reform Program, launched in 2009, aims to strengthen the effectiveness of the Department of Social Welfare and Development as a social protection agency and to expand the National Household Targeting System, the Philippine government’s largest updated database of poor households used in program planning and identification of beneficiaries of the program.


Media Contacts
In Washington DC
Marilene Montemayor
Tel : (202) 473-4709
mmontemayor@worldbank.org

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