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World Bank, ADB approve $900M in loans for PH vaccine procurement, pandemic response

The Philippines has secured $900 million (about ₱43.67 billion) in fresh funding from the World Bank and Asian Development Bank for its purchase of COVID-19 vaccines and measures in response to the health crisis.

Metro manilaPhilippines generalUnited statesWorld bankDistrict of columbiaAhmed saeedMasatsugu asakawaWorld bank countryWorld health organizationAsian development bankSecond health system enhancement toAsian infrastructure investment bankHealth departmentWorld health organization fair allocation frameworkDepartment of healthWorld bank country director

World Bank, ADB approve $900M in loans for PH vaccine procurement, pandemic response

World Bank, ADB approve $900M in loans for PH vaccine procurement, pandemic response
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Metro manilaPhilippines generalUnited statesWorld bankDistrict of columbiaMasatsugu asakawaWorld bank countrySecond health system enhancement toAsian infrastructure investment bankHealth departmentWorld health organization fair allocation frameworkAsian development bankWorld bank country directorResponse projectAsia pacific vaccine access facilitySecond health system enhancement

World Bank, ADB approve $900M in loans for PH vaccine procurement, pandemic response

PH seeks $700M in loans from ADB, AIIB for COVID-19 vaccine purchase

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.

Metro manilaPhilippines generalSecond health system enhancement toAsian infrastructure investment bankAsian development bankSecond health system enhancementAsia pacific vaccine access facility projectAsian infrastructure investmentRecovery facilityPacific vaccine access facilitySafeguard policy statementInvoluntary resettlementமெட்ரோ மணிலாபிலிப்பைன்ஸ் ஜநரல்இரண்டாவது ஆரோக்கியம் அமைப்பு விரிவாக்கம் க்குஆசிய உள்கட்டமைப்பு முதலீடு வங்கி