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The World Bank has approved a US$500-million funding for the Philippines to support its government's efforts in addressing the COVID-19 pandemic, including the purchase and distribution of vaccines.
The financing also supports other public health measures, including the use of web platforms to gather feedback on the vaccination program
March 12, 2021 THE World Bank has approved an additional US$500 million loan to support the Philippine government’s program to purchase and distribute Covid-19 vaccines, strengthen the country’s health systems, and overcome the impact of the pandemic especially on the poor and the most vulnerable. In a statement, the WB said its Board of Executive Directors approved the additional funding on March 11, 2021 (Washington time). “Procuring and administering vaccines provides the country an added layer of defense against Covid-19 on top of public health measures or interventions...
The Philippines has secured $900 million (about ₱43.67 billion) in fresh funding from the World Bank and Asian Development Bank for its purchase of COVID-19 vaccines and measures in response to the health crisis.
Punch Newspapers Sections Everest Amaefule Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has said. The DMO on its portal on Sunday listed a number of foreign loans that were to be disbursed as of December 31, 2020. The disbursement of the loans will take the country’s total foreign debt commitment to more than $37.8bn. Our correspondent reports that the country’s external debt as of September 30, 2020 stood at $31.99bn. The outstanding loans from the group stands at about $3.27bn. Another $1.25bn is supposed to come f...