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Gov’t eyes P73-billion coronavirus vaccine fund
The Philippine government has allocated P73.2 billion for the procurement of a COVID-19 vaccine intended for 60 million Filipinos.
The estimated cost per vaccine is $25 or P1,200 per person.
Funding sources include approximately P40 billion from multilateral agencies like the World Bank, P20 billion from domestic financing such as LandBank, and P13.2 billion from bilateral agreements.
Health Secretary Francisco Duque III confirmed that vaccinating 60% to 70% of the population, which corresponds to 60 million Filipinos, is sufficient to achieve herd immunity.
Vaccine czar Secretary Carlito Galvez Jr. mentioned that the Philippines is in discussions with manufacturers Sinovac, AstraZeneca, and Pfizer to secure 60 million vaccine doses by next year.
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Health Secretary Francisco Duque III stated that the government is targeting to vaccinate 60 million Filipinos to achieve herd immunity.
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The Philippine government is planning to raise P73.2 billion to fund the procurement of COVID-19 vaccines for at least 60 million Filipinos.
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The Philippine government is planning to prioritize certain sectors for the initial distribution of free COVID-19 vaccines, aiming to cover 50 to 60 percent of the population.
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A tripartite agreement was signed for the private sector donation of 2.6 million doses of AstraZeneca's COVID-19 vaccine to the Philippine government.
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At least 50% to 60% of the Philippine population must be vaccinated to achieve herd immunity against COVID-19, according to Health Undersecretary Maria Rosario S. Vergeire.
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