By TED CORDERO, GMA News
Published April 28, 2021 2:06pm The Asian Development Bank’s (ADB) sovereign lending program to the Philippines is seen to reach $3.9 billion this year or roughly P188 billion to support investments in the country’s infrastructure, local economic development, and social assistance amid the COVID-19 pandemic. At a virtual briefing on Wednesday, ADB Philippines country director Kelly Bird said that the multilateral lender’s lending program this year will focus on its “three pillars” of support for the country, namely: Accelerating infrastructure and long-term investments Promoting local economic development Investing in people Under the investing in people pillar is the $400-million loan it extended to the Philippines last March to help the country purchase vaccines against COVID-19.
DOF clarifies secured loans for vaccine procurement pia.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pia.gov.ph Daily Mail and Mail on Sunday newspapers.
MANILA, March 16 — Finance Secretary Carlos Dominguez III has thanked the Philippines’ multilateral partner-institutions for extending a total of US$1.2 billion in fresh loans to the government to help fund the country’s COVID-19 vaccination program and its other pandemic response.
The Philippines today became the first recipient of financing support under ADB's Asia Pacific Vaccine Access Facility with approval of a $400 million loan that will help the country purchase safe and effective vaccines against COVID-19.
By TED CORDERO, GMA News
Published March 12, 2021 10:37am
Updated March 12, 2021 11:04am The Asian Development Bank on Friday announced its approval of a $400-million loan to help the Philippines purchase vaccines against the coronavirus disease 2019 (COVID-19). In a statement, the Manila-based multilateral lender said the Philippines became the first recipient of financing support under its Asia Pacific Vaccine Access Facility (APVAX). “ADB’s support will boost the Philippine government’s urgent efforts to secure and deploy COVID-19 vaccines for all Filipinos, especially those who are vulnerable, such as frontline workers, the elderly, and poor and marginalized populations, as well as those at increased risk of severe illness,” said ADB President Masatsugu Asakawa.