| Project Detail |
Project Name Dali Private Label Supplier Network Expansion Project
Project Number 56313-002
Borrower / Company HDPM Sin Pte. Ltd.
Country / Economy Philippines
The project will finance the expansion of Dali network of hard discount retail stores and distribution centers, and procurement from local private label suppliers. The project will also fund off-grid rooftop solar panels and green building certifications for some stores and distribution centers to support energy cost savings and reduce the carbon footprint of Dali operations.
This is the second Asian Development Bank (ADB) project with Dali. This project, together with the earlier transaction, will generate employment for 6,000 workers, including 45% women, by 2027.
Linkage to Country/Regional Strategy The project is aligned with the Government of the Philippines Development Plan, which aims to improve access to value chains for rural suppliers and boost competition in the retail sector, including through foreign direct investment. The project is also in line with ADB $14 billion food security response as well as ADB ambition to deliver $100 billion in climate financing to its developing member countries from 2019 to 2030. |
