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MANILA - The Philippines and Korea signed on Friday an agreement for a USD100 million loan that would boost the Philippine government's ongoing nationwide coronavirus disease 2019 (Covid-19) vaccination program. Finance Secretary Carlos Dominguez III, on behalf of the Philippines, and Country Chief Representative Jaejeong Moon, representing the Export-Import Bank of Korea - Economic Development Cooperation Fund (KEXIM-EDCF) signed the agreement for the second phase of the Program Loan for Covid-19 Emergency Response Program - Vaccination Program (PLCERP II). Korean Ambassador to the Philippines Kim Inchul attended the signing ceremony. "This financial assistance from Korea will go a long way in helping the Duterte administration rev up its mass vaccination program against Covid-19 that is crucial to the strong rebound by our domestic economy come 2022," Dominguez said. Kim said he was happy to join the "meaningful" ceremony on the signing of the loan agreement.

South koreaKim inchulRodrigo duterteEconomic development cooperation fundEmergency response programBureau of internal revenueDrug administrationProgram loan for covidVaccination programDepartment of healthDevelopment assistanceCountry chief representative jaejeong moonExport import bankDevelopment cooperation fundProgram loanResponse program