{"id":987524698,"date":"2021-03-18T03:37:44","date_gmt":"2021-03-18T02:37:44","guid":{"rendered":"https:\/\/p4h.world\/news\/adb-approves-first-loan-under-its-covid-19-vaccine-access-facility-to-the-philippines\/"},"modified":"2023-03-02T10:31:59","modified_gmt":"2023-03-02T09:31:59","slug":"adb-approves-first-loan-under-its-covid-19-vaccine-access-facility-to-the-philippines","status":"publish","type":"news","link":"https:\/\/p4h.world\/en\/news\/adb-approves-first-loan-under-its-covid-19-vaccine-access-facility-to-the-philippines\/","title":{"rendered":"ADB approves first loan under its COVID-19 vaccine access facility to the Philippines"},"content":{"rendered":"<p>The&nbsp;<a href=\"https:\/\/www.devex.com\/organizations\/asian-development-bank-adb-5156\">Asian Development Bank<\/a>&nbsp;is providing the Philippines a $400 million loan for the procurement of&nbsp;<a href=\"https:\/\/www.devex.com\/focus\/covid-19\">COVID-19<\/a>&nbsp;vaccines. This is the first loan the bank is providing under its $9 billion&nbsp;<a href=\"https:\/\/www.devex.com\/news\/adb-launches-9b-covid-19-vaccine-facility-98765\">Asia Pacific Vaccine Access Facility<\/a>&nbsp;announced in December 2020.<\/p>\n<p>While the government, in this case, the Philippines, will be the one in charge of entering into an agreement with vaccine suppliers or COVAX, ADB will be directly paying for the vaccines.<\/p>\n<p>The&nbsp;<a href=\"https:\/\/www.devex.com\/organizations\/asian-infrastructure-investment-bank-aiib-56081\">Asian Infrastructure Investment Bank<\/a>&nbsp;is also co-financing the project with $300 million, but ADB officials said that\u2019s still being finalized.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Read the entire piece <a href=\"https:\/\/www.devex.com\/news\/adb-approves-first-loan-under-its-covid-19-vaccine-access-facility-to-the-philippines-99389\">here<\/a>.<\/em><\/p>\n<p><em>Image Courtesy: Daniel Schludi\/Unsplash<\/em><\/p>\n<p><em>Have anything to say about the vaccine procurement financing in the Philippines? Please tell us in the Comments Section below.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Asian Development Bank&nbsp;is providing the Philippines a $400 million loan for the procurement of&nbsp;COVID-19&nbsp;vaccines. This is the first loan the bank is providing under its $9 billion&nbsp;Asia Pacific Vaccine Access Facility&nbsp;announced in December 2020. While the government, in this case, the Philippines, will be the one in charge of entering into an agreement with vaccine&#8230;<\/p>\n","protected":false},"author":559,"featured_media":987531250,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[],"tags":[117,2316,124,133],"acf":[],"_links":{"self":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987524698"}],"collection":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/users\/559"}],"replies":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/comments?post=987524698"}],"version-history":[{"count":0,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987524698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media\/987531250"}],"wp:attachment":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media?parent=987524698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/categories?post=987524698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/tags?post=987524698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}