PHILIPPINES: Assisting Tanauan City in Enhancing the City's Creditworthiness

Tanauan City requested PPIAF to help the city improve its creditworthiness and strengthen its capacity to access market-based financing. The PPIAF-supported activity had the following components; i) scoping and reviewing the city's current tax and non-tax revenue and assessing of city's revenue collection management and financial management capacity to identify constraints, opportunities and area for improvement that the city currently faces; ii) advising the government how to prioritize investment projects from its pipelines and preparing a road map for implementing the recommendations. The activity also helped improving the government's understanding of market-based financing, credit risks, measures to mitigate risks and strategies to improve the attractiveness of the city as investment destination choice.