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South Korea has extended a loan worth $100 million (P5 billion) to the Philippines to support the implementation, management and monitoring of the government’s vaccination drive.
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The Philippines and South Korea have signed a $100-million loan agreement to help boost the COVID-19 vaccination program.
The Philippines and South Korea signed on Friday, Dec. 17, an agreement for a US$100-million loan intended to boost the country's coronavirus disease (COVID-19) vaccination program. DOF Secretary Carlos Dominguez III and South Korean Ambassador to the Philippines Kim Inchul (Photo courtesy of the
MANILA - The Philippines and Korea signed on Friday an agreement for a USD100 million loan that would boost the Philippine government's ongoing nationwide coronavirus disease 2019 (Covid-19) vaccination program. Finance Secretary Carlos Dominguez III, on behalf of the Philippines, and Country Chief Representative Jaejeong Moon, representing the Export-Import Bank of Korea - Economic Development Cooperation Fund (KEXIM-EDCF) signed the agreement for the second phase of the Program Loan for Covid-19 Emergency Response Program - Vaccination Program (PLCERP II). Korean Ambassador to the Philip...