Philippines - Project for Learning Upgrade Support and Decentralization - Absence-of-Objection Approval Basis - April 3, 2026

Jul 19, 2026

Approval on an absence-of-objection basis is recorded for a Philippines loan tied to the Project for Learning Upgrade Support and Decentralization. The Executive Directors approved a US$600 million loan amount under specific terms and conditions stated in the President’s Memorandum (R2026-0068), dated March 17, 2026. The approval is dated Friday, April 3, 2026, and is presented as part of the public disclosure authorization for the listed transaction and its governing documentation.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Public Disclosure Authorization

Absence-of-Objection Approval (April 3, 2026)

Loan Terms Reference (President’s Memorandum R2026-0068)

FAQs

What type of approval basis is used for this record?

The record states that the item was approved on an absence-of-objection basis.

What project and country does the loan approval relate to?

It relates to the Philippines and the Project for Learning Upgrade Support and Decentralization.

How much was approved and under what governing document?

The Executive Directors approved a US$600 million loan under terms and conditions set out in the President’s Memorandum (R2026-0068), dated March 17, 2026.

Jul 19, 2026

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