Philippines Government Modernization Project

pipeline

The proposed project will support the Government’s priorities for digital transformation of the public financial management (PFM) system in-line with Philippines PFM Roadman 2024-2028 and Philippine Development Plan 2023-2028 (PDP). The reform will be transformative for performance of government PFM functions, accountability, evidence-based policy, sustainability and resilience to climate and disaster risk. Advancing digitalization of core government systems beyond initial integrated financial management information system (IFMIS) modules to cover the entire cycle of public asset management could better inform public procurement and investments in terms of climate risks, life cycle cost, and budgeting for operation and maintenance. The modernization and integration of systems will increase efficiency, enhance transparency, reduce the transaction cost (time and price) and environmental footprint (time in commute, saving paper, fuel and CO2 emissions).