Philippines - Second Energy Transition and Climate Resilience Development Policy Financing - Absence-of-Objection Approval on June 25, 2026

Jul 19, 2026

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Approval on an absence-of-objection basis confirms that the Executive Directors approved, on June 25, 2026, a loan of US$1000 million for the Philippines’ Second Energy Transition and Climate Resilience Development Policy Financing. The package includes US$200 million from the Global Solutions Accelerator Platform and a US$20 million grant from the IBRD Surplus-Funded Livable Planet Fund. The approval is granted under the terms stated in the President’s Memorandum (R2026-0139, dated June 3, 2026). Lailee Jane Moghtader requested that her objection be recorded.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval Summary

Loan and grant amounts

Terms and referenced memorandum

Recorded objection

FAQs

When was the approval granted on an absence-of-objection basis?

The Executive Directors approved the financing on Thursday, June 25, 2026.

What amounts were approved for the Philippines’ policy financing?

The approval includes a US$1000 million loan (including US$200 million from the Global Solutions Accelerator Platform) and a US$20 million grant from the IBRD Surplus-Funded Livable Planet Fund.

Under what terms and conditions was the financing approved?

The terms and conditions are set out in the President’s Memorandum (R2026-0139, dated June 3, 2026).

Was any objection recorded?

Yes. Lailee Jane Moghtader wished to be recorded as objecting.

Jul 19, 2026

Upload by Hazel