The World Bank is close to approving the Second Energy Transition and Climate Resilience Development Policy Loan (SETCR-DPL2) for the Philippines, an $800 million operation and the second in a two-part programmatic series. 

Building on the First Energy Transition and Climate Resilience DPL approved in March 2025, SETCR-DPL2 aims to deepen policy and institutional reforms across three pillars: scaling up clean energy technologies, increasing the security, flexibility, and competition of electricity markets, and improving water management across uses. The loan is structured around a set of Prior Actions and a corresponding set of results targets. 

Despite limited public information on the impact and progress of the first DPL, Bank Information Center and Philippine Movement for Climate Justice (PMCJ) are concerned that the World Bank has scheduled this second DPL, SETCR-DPL2, for Board approval without adequate prior consultation with civil society or affected communities. The originally scheduled Board date of 26 January 2026 was first postponed to 17 April 2026, and was recently postponed again to 23 June 2026. This postponement must now provide a renewed opportunity for engagement with stakeholders.