Bureau of Customs gets $150M financing from WB

THE Bureau of Customs (BoC) will receive $150 million financing from the World Bank to “modernize” its systems, procedures and operations.

“This 150-million-dollar project is envisioned to support BoC to reform and upgrade its systems, procedures and operational activities in order to improve transparency, accountability and predictability, streamline and harmonize business processes in line with accepted international standards,” said Comm. Rey Leonardo Guerrero.

Guerrero made the announcement at the conclusion of a three-day workshop hosted by the WB in Manila regarding the ‘Philippine Customs Modernization Project.’

The workshop, which started last April 2, aims to prepare bureau officials in transforming the BoC “into a world class customs (agency) by streamlining and upgrading its operations and processes through Information Communications Technology (ICT),” Guerrero added.

Along this line, the BoC agreed to replace its current ‘electronic to mobile’ (E2M) lodging system with the ‘customs processing system’ (CPS) designed by the WB.

As a further step, Guerrero said he also signed Customs Special Order (CSO) 44-2019, ordering the reconstitution of the Project Management Unit (PMU) tasked to exercise overall administration, planning, management and supervision of the BOC Modernisation Project.