MANILA, Philippines — The Duterte administration is planning to use P73.2 billion worth of loans to buy COVID-19 vaccines for 60 million Filipinos.
That amount will come from several sources — P40 billion from the Asian Development Bank (ADB) and the World Bank, P20 billion from local banks and government corporations, and P13.2 billion from bilateral sources, Finance Secretary Carlos Dominguez III told the Cabinet during a pre-recorded briefing with President Rodrigo Duterte that aired late Monday night.
The P13.2 billion is the target amount that the Department of Finance hopes to raise from bilateral sources, while the P20 billion will come fr…
Keep on reading: Gov’t eyes use of P73.2 billion in loans to buy COVID-19 vaccines for 60 million people