Philippines secures $800M in loans for COVID-19 boosters
The Philippines has secured $800 million in loans from multilateral lenders to fund the procurement of COVID-19 booster shots.
The Department of Finance signed loan agreements with the Asian Development Bank, Asian Infrastructure Investment Bank, and World Bank for $250 million each.
Finance Undersecretary Bayani Agabin said these loans are expected to take effect by late January, providing funds for additional booster shots.
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