TPA Now! Exacting Accountability in Philippine COVID-19 Loans

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The challenge of transformative impact of transparency, participation and accountability (TPA) initiatives points to the need for a different way of doing accountability. To advance the discourse and practice of ‘strategic TPA,’ Government Watch (G-Watch), in partnership with Accountability Research Center (ARC), launches TPA Now! A Paper Series on Transparency, Participation and Accountability as a platform for practitioners, researchers and action strategists to present evidence and reflect on the practice and research on strategic TPA and to broaden awareness on the importance of accountability in governance. 

This 3rd issue of TPA Now! 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.