In the Philippines, development financing institutions play a pivotal role in the quest for sustainable growth and development. And at the help of the country's march toward progress is the Development Bank of the Philippines (DBP). As the country's pre-eminent development financial institution, DBP has taken upon itself the strategic task of influencing and accelerating sustainable economic growth, through the provision of resources, for the continued well-being of the Filipino people.
DBP is one of the country's major conduit of international funds from multilateral and bilateral institutions for official development assistance (ODA) programs and grants. DBP also continues its development thrusts on economic pump - priming and program - type lending to strategic sectors of the country. The Bank's development thrusts are primarily focused on four priority areas: production infrastructure, social infrastructure, distribution infrastructure, and environmental management.
DBP vigorously pursues its commitment to environmental protection and sustainable development. DBP provides financing as well as technical assistance to projects that are environmentally sound. The Bank is active in encouraging clients, and its participating financial institutions (PFIs) under its wholesale lending program, to include environmental considerations in their business and thrusts.
The Green Financing Program (GFP) is DBP's umbrella program to support the Bank's strategic thrust of environmental protection and the country's green growth strategy.
The program was designed to assist strategic sectors, industries and local government units (LGUs) in adapting environment - friendly processes and technologies and incorporating climate change adaptation and mitigation and disaster risk reduction measures, by providing financing and technical assistance.
Status Regular Member
Last Update July 21, 2017