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MANILA, Feb. 11 -- During the weekly Department of Health (DOH) Kapihan Session held on February 9, Asian Development Bank (ADB) Principal Health Specialist Dr. Eduardo Banzon reported that ADB was able to mobilize about $20B as part of its COVID-19 pandemic response financing efforts. This raises the regional financial institution’s financing for the health sector by 10% in 2020. Meanwhile, Department of Finance (DOF) Undersecretary Mark Dennis Y.C. Joven discussed the nature of government loans in relation to securing financing for the pandemic response in a bid to allay apprehensions and...

$9 Billion ADB Facility to Help Members Access and Distribute COVID-19 Vaccines Promoting safe, equitable, and effective access to vaccines is a top priority for ADB’s COVID-19 response efforts. Vaccination programs can break the chain of virus transmission, save lives, and mitigate the negative economic impacts of the pandemic by restoring confidence in people’s ability to work, travel, and socialize safely. Source: Global News Tuesday, 15 December 2020 10:05 AM The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facilit...

Posted on The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)—offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus disease (COVID-19) vaccines. “As ADB’s developing members prepare to vaccinate their people as soon as possible, they need financing to procure vaccines as well as appropriate plans and knowledge to be able to safely, equitably, and efficiently manage the vaccination process,” said ADB President Masatsugu Asakawa. “APVAX wil...

The Asian Development Bank launched on Friday a $9 billion vaccine initiative — the Asia Pacific Vaccine Access Facility (APVAX) — offering rapid and equitable support to its developing members as they procure and deliver effective and safe vaccines for coronavirus disease (Covid-19). — Reuters/File ISLAMABAD: The Asian Development Bank launched on Friday a $9 billion vaccine initiative — the Asia Pacific Vaccine Access Facility (APVAX) — offering rapid and equitable support to its developing members as they procure and deliver effective and safe vaccines for coronavirus disease (Co...

News Release | 11 December 2020 MANILA, PHILIPPINES (11 December 2020) — The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)—offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus disease (COVID-19) vaccines. “As ADB’s developing members prepare to vaccinate their people as soon as possible, they need financing to procure vaccines as well as appropriate plans and knowledge to be able to safely, equitably, and efficiently manage the vaccination...