World Bank, ADB approve $900M in loans for PH vaccine procurement, pandemic response cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
endIndex:
Metro Manila (CNN Philippines, February 22) The Philippines is seeking $700 million (nearly ₱34 billion) in loans from two multilateral lenders to help speed up its procurement of COVID-19 vaccines.
The proposed Second Health System Enhancement to Address and Limit COVID-19 under Asia Pacific Vaccine Access Facility Project (HEAL 2) would require $764.17 million (around ₱37 billion), as listed in a project document published by the Asian Infrastructure Investment Bank.
“This project is proposed to be supported under AIIB’s COVID-19 Crisis Recovery Facility and co-financed with the Asian Development Bank (ADB) for the procurement of vaccines eligible under ADB’s Asia Pacific Vaccine Access Facility (APVAX) program,” the document read.