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DOF secures funds for vaccines PH needs 9-M dose weekly arrivals

DOF secures funds for vaccines PH needs 9-M dose weekly arrivals
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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Gov't raises fresh $3B from foreign borrowing – Manila Bulletin

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The national governm
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ent has raised $3 billion, equivalent to P146 billion, from a dual tranche offering of 10.5-year and 25-year global bonds, the Bureau of the Treasury reported on Tuesday, June 29.
“Proceeds of the issuance will be for the Republic’s [national government] general purposes, including budgetary support,” the Treasury said in a statement.
The Philippines’ return to the international debt markets follows the $2.5 billion sale of a triple-tranche euro-denominated bonds in April, and the $500 million three-year Japanese yen-denominated “Samurai” bonds in March.
President Duterte plans to borrow as much as $7 billion from commercial debt markets in 2021 to bridge the government’s budget deficit. The country has so far raised $6 billion from three offshore bond issuances. ....

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PH foreign loans for budget support, projects amid pandemic at $18.4B as of end-April

endIndex:
Metro Manila (CNN Philippines, April 30) The Finance Department has secured loans worth $18.4 billion (about ₱890 billion) from foreign sources to support planned spending under the national budget and for key government projects, an agency official said Friday.
Finance Undersecretary Mark Dennis Joven said $16.26 billion (around ₱786.8 billion) of the amount is for budget support while $2.14 billion (about ₱103.5 billion) is for project financing.
Of the budgetary support debt, $6.93 billion came from multilateral lenders such as the World Bank, Asian Development Bank, and Asian Infrastructure Investment Bank. $1.32 billion had been sourced from bilateral partners like Japan, South Korea and France, Joven told a virtual government briefing. ....

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Philippines secures $18.4B in loans for COVID-19 response

By TED CORDERO, GMA News
Published April 30, 2021 2:16pm
Updated April 30, 2021 3:49pm
The Philippine government has so far secured $18.4 billion (roughly P886.5 billion) in foreign loans to boost its war chest to address the ongoing crisis brought about by COVID-19, the Department of Finance said Friday.
“As of April 28 2021, nakautang tayo ng (we have secured) a total of $18.4 billion from external sources,” DOF Undersecretary Mark Dennis Joven said during state-run PTV’s Laging Handa briefing.
The amount comes from all foreign loans bilateral, multilateral, and commercial sources.
Of the said amount, Joven said, $16.26 billion is for budget support, while $2.14 is for project financing. ....

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Vaccine czar sees herd immunity vs COVID-19 by yearend

Vaccine czar sees herd immunity vs COVID-19 by yearend
Helen Flores
© OPAPP/Released, file
Vaccine czar sees herd immunity vs COVID-19 by yearend
MANILA, Philippines Secretary Carlito Galvez Jr. yesterday expressed confidence that the Philippines will achieve herd immunity against COVID-19 within the year.
“We are very confident that the country will be able to achieve herd containment within this year with the help of the private sector, with the inoculation of 50 to 70 million Filipinos,” said Galvez, who also serves as National Task Force Against COVID-19 chief implementer and vaccine czar.
Business groups, at a virtual vaccine summit held and co-organized by the Philippine Chamber of Commerce and Industry (PCCI) yesterday, urged the government to allow them to purchase COVID-19 vaccines directly from accredited sources to speed up the country’s vaccination efforts. ....

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