MANILA, Philippines — The Philippine government is requesting a $325-million (P15.627 billion) loan from the Asian Development Bank (ADB) to procure coronavirus vaccines.
In a televised press briefing with presidential spokesperson Harry Roque on Monday, ADB country director for the Philippines Kelly Bird said the government could access $400 million to $500 million under ADB’s new $9-billion Asia-Pacific Vaccine Access Facility (APVAX).
“At the moment, the government has requested approximately $325 million from the first component of the facility —that’s the rapid response component. That’s dedicated to financing the procurement of the vaccines,” Bird said.
The national go…
Keep on reading: PH seeks $325-M ADB loan to procure COVID-19 vaccines