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LOANS & CREDITS December 17, 2019

Philippines - Promoting Competitiveness and Enhancing Resilience to Natural Disasters Programmatic DPL Subprogram1

IBRD Loan: US$400.0 million

Terms: Maturity = 19 years, Grace = 10 years

Project ID: P170052

Project Description: The program development objective is to support the Government of the Philippines in: i) promoting  competitiveness; ii) enhancing fiscal sustainability; and iii) strengthening financial resilience to natural disasters and climate change.