Philippines Second Digital Transformation DPL

active

The development objective of Second Digital Transformation Development Policy Loans Project for Philippines is to support government reforms to foster an enabling environment for greater digital technology adoption by (a) improving digital transformation of government and digital infrastructure policies, (b) expanding financial inclusion through digital finance and (c) boosting business growth in digital services. This DPL program is aligned with the goals of the Paris Agreement and is expected to strengthen resilience to natural disasters and climate change and reduce emissions. The reform program, while not directly captured in the Philippines NDCs (submitted 2021) and National Climate Change Action Plan (2011-2018), will not hinder the achievement of the country’s climate goals and commitment. The reform program builds on the Philippines Country Climate and Development Report (CCDR), which emphasizes the intertwined objectives of green, resilient, and inclusive development and the importance of the digital economy in achieving this set of goals. On mitigation, prior actions (PAs) 1, 2, 3, 4, 5, 6, and 7 are not likely to cause a significant increase in GHG emissions. While PA8 could spur greater investment in air transportation services and cause an increase in GHG emissions, it is not likely to introduce or reinforce a persistent barrier to transition to the Philippines’ low-GHG emissions development pathways.