ADB approves $250-M loan for PH vaccine supply
On Monday, December 13, the ADB approved a $250 million loan for the Philippines to purchase an additional 40 million doses of COVID-19 vaccines.
The funds will be used to vaccinate eligible children and provide booster shots for adults.
ADB Principal Social Sector Specialist Sakiko Tanaka emphasized that vaccination is crucial for managing virus effects and sustaining economic recovery.
This new loan builds on previous ADB support, including the Health System Enhancement to Address and Limit COVID-19 (HEAL) project which provided advance payments for vaccines and health infrastructure improvements.
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