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Published January 15, 2021, 3:53 PM The Department of Finance (DOF) is working on fresh loans from multilateral financial institutions, bilateral partners and domestic creditors to fund the government’s coronavirus response programs. Finance Secretary Carlos G. Dominguez III said they are now working to borrow $1.46 billion, or roughly P70 billion, from foreign or local sources to fund the procurement of COVID-19 vaccines that can inoculate at least 50 million Filipinos. Finance Secretary Carlos G. Dominguez III (MANILA BULLETIN FILE PHOTO) The P70 billion forms part of the P82.5 billion budget required by the government to provide COVID-19 vaccines to inoculate adult Filipinos.  To date, the government already identified P12.5 billion, of which, P10 billion will come from the funds allocated for the COVID-19 vaccination program under the Bayanihan To Recover As One Act and P2.5 billion from the Department of Health 2021 budget.

Quezon cityL agence franCarlosg dominguezEconomic development cooperation fundJapan international cooperation agencyAsian infrastructure investment bankDepartment of healthDepartment of financeWorld bankAsian development bankPost disaster standby loanResponse emergency supportKorean export import bankகயீஸந் நகரம்பொருளாதார வளர்ச்சி ஒத்துழைப்பு நிதிஆசிய உள்கட்டமைப்பு முதலீடு வங்கி