TPA Now! Exacting Accountability in Philippine COVID-19 Loans
The paper looks into the loans and grants incurred by the Philippine government to respond to the COVID-19 pandemic. It includes a database of the relevant loans and grants with financing institutions, the highlights of the agreements, including their priority sectors and payment terms. The paper also includes a review of emerging international standards in promoting transparency, participation and accountability in COVID-19 loans, a rapid scanning of what accountability mechanisms and platforms are provided in Philippine COVID-19 loan and grant agreements, and the critical gaps in exacting accountability from the government's use of borrowed financing to respond to the pandemic.