PROJECT DESCRIPTION
The development objective of the First Sustainable Recovery Development Policy Loan (DPL) for Philippines aims to support the Government of the Philippines’ reforms to: (1) accelerate the economic recovery and boost long-term growth; and (2) protect the environment and improve climate resilience. The project pillars are: pillar 1 includes reforms to attract private investment in infrastructure and renewable energy (RE) and promote green jobs and investments; and pillar 2 supports reforms to enhance plastic waste management, promote green transport and procurement, and strengthen the resilience of the agriculture sector.
ADDITIONAL INFORMATION
The project involved collaboration among several implementing agencies, including the Department of Labor and Employment, Department of Agriculture, Bangko Sentral ng Pilipinas, Bureau of the Treasury, Department of Environment and Natural Resources, Department of Budget and Management, Bureau of Internal Revenue, Department of Trade and Industry, Department of Energy, National Economic and Development Authority, Anti-Red Tape Authority, Department of Transportation, Government Procurement Policy Board, and the Public-Private Partnership Center. For more information, visit https//projects.worldbank.org/en/projects-operations/project-detail/P178634