ADB provides 25 million USD to help Philippines purchase COVID-19 vaccines
The Asian Development Bank (ADB) announced on February 1 that it has allocated 25 million USD to help the Philippine government purchase COVID-19 vaccines.
A health worker collects nasal swab sample for testing (Photo: Xinhua/VNA)
Hanoi (VNA) – The Asian Development Bank (ADB)announced on February 1 that it has allocated 25 million USD to help thePhilippine government purchase COVID-19 vaccines.
The Manila-based banksaid the financing will come from the Health System Enhancement to Address andLimit COVID-19 project, which ADB approved in August.
The lender said thenewly allocated funding for vaccine supply will follow the vaccine access andeligibility requirements under ADB's Asia Pacific Vaccine Access Facility(APVAX), launched last December with a financing commitment of 9 billion USDfor the region.
The Philippines hasdeveloped a COVID-19 vaccine road map to immunise 60 to 75 percent of Filipino.It is negotiating vaccine delivery with several vaccine developers.
The ADB said thegovernment's vaccine supply contracts with the bank’s financing, includingdirect payments by ADB to vaccine manufacturers, will follow the lender'sprocurement rules and guidelines, and its anti-corruption and integrity policy.
The financing willalso follow global best practices on safeguards measures, including wastemanagement of medical supplies, the bank added./.
The Asian Development Bank (ADB) said on December 11 that it has launched a 9 billion USD COVID-19 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 vaccines.
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A health worker collects nasal swab sample for testing (Photo: Xinhua/VNA) 
