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No parting from debt: PHL to carry weight of borrowing post-Duterte

HERE comes the sun, thanks to Olympic gold medalist Hidilyn Diaz. As Diaz lifted a combined 224 kilograms it felt a weight, albeit temporarily, was lifted from the shoulders of a country hunched with the heavy load of debt. Indeed, as the rains at Monday’s dusk drowned the droning-on of… ....

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ADB approves loan to support COVID-19 vaccine rollout in Mongolia - World News

2021-05-28 10:05:43 GMT2021-05-28 18:05:43(Beijing Time) Xinhua English
MANILA, May 28 (Xinhua) The Asian Development Bank (ADB) approved on Friday a loan package of 19 million U.S. dollars for Mongolia to purchase vaccines against COVID-19.
The Manila-based bank said the project is part of ADB s Asia Pacific Vaccine Access Facility (APVAX) launched in December 2020 to offer rapid and equitable vaccine-related support to ADB s developing members.
ADB President Masatsugu Asakawa said the project under APVAX will provide the government of Mongolia with immediate and flexible financing to vaccinate priority populations, especially those at highest risk from infection, to reduce the impacts of the disease and help put the country on a path to sustained recovery. ....

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ADB approves 400 mln USD loan to help Philippines procure COVID-19 vaccines - World News

2021-03-12 04:35:34 GMT2021-03-12 12:35:34(Beijing Time) Xinhua English
MANILA, March 12 (Xinhua) The Asian Development Bank (ADB) said on Friday that it approved a 400-million-U.S.-dollar loan to help the Philippines purchase safe and effective vaccines against the COVID-19 pandemic.
The Manila-based bank said the Philippines is the first recipient of financing support under the ADB s Asia Pacific Vaccine Access Facility (APVAX). The new loan will help the country save lives and allow Filipinos to return to normal life as soon as possible, it added.
The ADB said the project will assist the Philippine Department of Health in procuring and ensuring delivery to the country of vaccines certified by the WHO-led COVID-19 Vaccines Global Access (COVAX) facility and bilateral vaccine suppliers that meet APVAX eligibility criteria. ....

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ADB approves US$400mil loan to help Philippines procure Covid-19 vaccines

A cat crosses an empty street at a village that was placed under lockdown due to the number of COVID-19 cases among residents in Manila, Philippines on Thursday, March 11, 2021. The Philippine capital placed two villages and two hotels on lockdown Thursday and police have renewed warnings against kissing and other public display of affection after a new surge in coronavirus infections. - AP
MANILA, March 12 (Xinhua): The Asian Development Bank (ADB) said on Friday that it approved a US$ 400 million to help the Philippines purchase safe and effective vaccines against the Covid-19 pandemic.
The Manila-based bank said the Philippines is the first recipient of financing support under the ADB s Asia Pacific Vaccine Access Facility (APVAX). The new loan will help the country save lives and allow Filipinos to return to normal life as soon as possible, it added. ....

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Xinhua world economic news summary at 0930 GMT, March 12

Xinhua world economic news summary at 0930 GMT, March 12
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