Philippines seeks $325-M ADB loan for vaccines
The Philippine government has requested a $325 million (P15.6 billion) loan from the Asian Development Bank (ADB) for purchasing COVID-19 vaccines.
The ADB's Asia Pacific Vaccine Access Facility (APVAX), with a total allocation of $9 billion, allows the Philippines to potentially borrow up to $500 million.
Details on the loan terms and interest rate are still being finalized by the ADB in coordination with the Department of Finance and the Department of Health.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics