Rappler
World Bank approves $500-million loan for Philippines’ COVID-19 vaccines
The World Bank has approved a US$500-million funding for the Philippines to support its vaccination program and overall pandemic response.
This financing will specifically aid in the purchase and distribution of COVID-19 vaccines, prioritizing vulnerable groups.
The priority groups include frontline health workers, senior citizens, indigent communities, teachers, government workers, and indigenous peoples.
The funding is also aimed at strengthening the Philippine health systems to better manage the impact of the pandemic, especially on the poor.
This new loan is an extension of the World Bank's existing COVID-19 Emergency Response Project in the Philippines, initially approved in April 2020.
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News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Asian Development Bank (ADB) approved a $400 million loan to aid the Philippines in procuring COVID-19 vaccines.
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The Philippine government has secured sufficient funds, primarily through loans from development banks, to finance its COVID-19 vaccination program and achieve its goal of inoculating at least 70 million Filipinos within the year.
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As of March 17, 240,297 health workers have received their first dose of a COVID-19 vaccine.
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The Philippine FDA has granted an emergency use authorization (EUA) for Russia's Sputnik V vaccine, making it the fourth vaccine to receive regulatory approval in the country.
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The Philippines is set to receive a total of 22 to 23 million doses of AstraZeneca COVID-19 vaccines within the year.
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