Promoting Competitiveness and Enhancing Resilience to Natural Disasters Sub-program 1 DPL

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The development objective of the Promoting Competitiveness and Enhancing Resilience to Natural Disasters Subprogram 1 Development Policy Loan (DPL) for Philippines is to support Government of the Philippines in: (i) promoting competitiveness; (ii) enhancing fiscal sustainability; and (iii) strengthening financial resilience to natural disasters and climate change. The reforms supported by this DPL are fully aligned with the new systematic country diagnostic (SCD) and country partnership framework (CPF). The new CPF under preparation is structured around three focus areas: (i) investing in Filipinos; (ii) competitiveness and economic opportunity for job creation; and (iii) addressing core vulnerabilities by building peace and resilience. The DPL program is fully aligned with the objectives of the CPF by supporting reforms towards improving business climate, promoting competitiveness, facilitating digitalization of the economy and government service provision, and strengthening financial inclusion, which are long standing reforms needed to boost the quality of job creation.