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PH gets additional $500-M World Bank loan for pandemic response


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 like social distancing, wearing of masks, and washing hands,” said Ndiamé Diop, World Bank country director for Brunei, Malaysia, Philippines and Thailand. ....

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