LATEST PUBLICATIONS
PN 2022-02
How Can DSWD's Social Pension Program for Indigent Senior Citizens be Improved?
RPS 2022-01
How Does the Philippines Fare in Meeting the ASEAN Economic Community Vision 2025?
PJD 2022 Vol. 46 No. 1d
Surveying the Extent and Wage Consequences of Education-Job Mismatches in the Philippine Labor Market
PJD 2022 Vol. 46 No. 1c
Disentangling the Effects of Maternal Employment on Child Stunting in the Philippines

LATEST AV MATERIALS
PIDS WB 2021-1201
Analyzing the President's Budget for 2022
GIZ-FFS-2020-01
WASHaLOT 3.0: Production Process
GIZ-FFS-2021-03
WASHaLOT 3.0 Mass Production
GIZ-FFS-2021-02
Minimum Requirement Guidelines on WASH in Schools
Publication Detail
41123: Philippines - Client Perspectives on elements of World Bank Support

This working paper draws upon responses from a selection of interviews conducted in mid-2006 with in-country stakeholders and a review of the relevant analytical and evaluative material. The aim was to use a client perspective drawn from in-country consultations-to shed light on the experiences of the Bank with its Middle-Income Country (MIC) partners. It provides valuable insights into selected issues faced by many MIC clients, and has been used as a background to the IEG evaluation. The Philippines is an interesting case study in that it is a middle income country (MIC), but at a GNI per capita of only $1,170, it is in the lower MIC category, and close to the bottom threshold of the group ($826). It possesses many characteristics which are symptomatic of the problems faced by lower-income countries. Notwithstanding a recent period of relative calm, its polity is often reported as unstable. The report points out that counterparts identified two problems that led to low levels of borrowing. First, clients were of the view that the Bank had been providing mostly investment loans for individual projects, and yet the government wanted programmatic loans for sectors because their priorities sometimes changed with the circumstances, and they wanted to implement sector-wide reforms for a bigger impact on the economy. Second, clients felt that the Bank's lending cycle was not well synchronized and intertwined with the Philippine budget process. Another reason raised by several counterparts for reduced borrowing was the excessive imposition of conditionality that caused the use of funds to be more restrictive. The report concludes that this past year, the Bank changed its focus and began providing more flexible sector-wide investment loans to the Philippines.

World Bank
Authors Keywords
World Bank; financial sector; lending; financial cooperation;
Download PDF Number of Downloads
Published in 2007 and available in the World Bank Library or Downloaded 294 times since November 25, 2011
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. You will answer the profile questions only once as long as you enter the same email address. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display; please use the same email address when downloading another publication so that the profile questions will not appear)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.