Manila Bulletin
DOF identifies sources of COVID-19 vaccine fund
The Philippine government is planning to raise P73.2 billion to fund the procurement of COVID-19 vaccines for at least 60 million Filipinos.
Finance Secretary Carlos Dominguez identified multilateral agencies, domestic institutions, and bilateral sources as potential funding channels.
Approximately P40 billion is expected to come from multilateral agencies like the World Bank and the Asian Development Bank.
Domestic sources, including Land Bank and Development Bank of the Philippines, along with government-owned corporations, could contribute P20 billion.
An additional P13.2 billion is anticipated from bilateral sources, depending on the specific vaccine supplier.
Dominguez estimated the average cost of a COVID-19 vaccine to be around P1,200 per person.
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