SDGs set the direction of disparate developmental efforts and synchronize these actions toward theattainment of a common and universal set of goals. With the active participation of 193 countries in the identification and pursuit of these goals, the SDGs effectively institute a global support infrastructure for sustainable development. The SDGs will now be the developmental themes of all the member countries and Philippines, being a UN member country will have to adopt and contribute to the achievement of these goals. Financing is considered as a key element for the success of the new sustainable development goals. The international conference on financing held last year in Addis Ababa set bold measures to refit global financial practices to generate sustainable development investments that world leaders are expected to pursue. For DFIs, this is significant in that it spells out not only their effectivity in achieving productivity targets on the level of the organization but also their relevance in contributing to their host country’s economic, social, and environmental objectives which are the pillars of sustainable development.
2. From where your institution operates, how do you think these SDGs will impact inclusive development in your country through your DFI?
As a DFI, DBP’s actions are hinged on national priorities and policies. With the assumed contribution of the Philippines to achieving the SDGs, it follows that DBP is also fully committed in amplifying its activities that will immediately and directly lead to results but with appreciation and appropriate recognition of the country’s distinct needs and using these needs as platform for realizing sustainable development goals on both the national and international level. Because DBP has already been pursuing inclusive development since its inception, it is merely a matter of highlighting specific efforts and targeting priority sectors. In fact, DBP’s major programs revolve around its four main developmental thrusts, which are Environment, Infrastructure and Logistics, Social Services, and mSMEs. DBP’s 10 major developmental financing programs are the Financing Utilities for Sustainable Energy Development (FUSED) Program, Water for Every Resident (WATER) Program, Connecting Rural Urban Intermodal Systems Efficiently (CRUISE) Program, Green Financing Program (GFP), Sustainable Health Care Investment Program (SHCIP), Residential Real Estate Financing Program (RRFP), DBP Educational Fund Program (DEFP), Sustainable Enterprises for Economic Development (SEED), Sustainable Agribusiness Financing Program (SAFP), Tree Plantation Financing Program (TPFP).
3. What projects have your institution financed /supported that are in line with the SDGs? (e.g., in the areas of poverty reduction, clean energy, sustainable cities and communities, responsible consumption and production, clean water and sanitation, etc.). Please list as many specific projects as possible.
Goal 1: Zero Hunger Agribusiness Projects 62 Goal 2: Good Health and Well-being Hospital Projects 10 Goal 3: Quality Education School Projects 95 Goal 4: Clean Water and Sanitation Water Pollution Control/Sanitation 5 Goal 5: Clean Water and Sanitation Water Supply 18 Goal 6: Sustainable Cities and Communities Green Transport (e-vehicle) 1 Goal 7: Sustainable Cities and Communities Green Building 1 Goal 8: Sustainable Cities and Communities Solid Waste Management Project 22 Goal 9: Sustainable Cities and Communities Environmental Enhancement (dredging, riverbank stabilization) 2 Goal 10: Sustainable Cities and Communities Renewable Energy 24 Goal 11: Sustainable Cities and Communities Shelter Projects 10 Goal 12: Responsible Consumption and Production Cleaner Production 7 Goal 13: Responsible Consumption and Production Conservation of Resources 3 Goal 14: Responsible Consumption and Production Tunnel Ventilation System (Poultry/Piggery) 17 Goal 15: Climate Action Waste to Energy Projects 1 Goal 16: Life on Land Forestry/Tree Plantation 47. TOTAL 325
4. Please provide additional insights or suggestions for ADFIAP to undertake in relation to DFIs and SDGs.
• Identify gaps, immediate objectives, as well as priority sectors and activities vis-à-vis SDGs.
• Catalyse partnerships and open dialogue among critical players on a national and regional level, specifically towards development financing.
• Assess how DFIs operating in a developing country in Southeast Asia can make the most impact and/or create immediate results, as well as achieve a balanced environmental/social and financial objectives in developmental financing especially in identified priority sectors/regions. • Identify financial partnerships/modalities to arrive at competitive lending rates that would encourage the uptake of loans for priority projects and sectors.
• Monitor DFIs contributions to the attainment of specific SDGs.