PH requests additional $250M loan from AIIB

By Mayvelin U. Caraballo

Nov 12, 2021 12:19 pm

THE Philippines is requesting additional funding of $250 million (about P12.54 billion) from China's Asian Infrastructure Investment Bank (AIIB) for the purchase of vaccines against the coronavirus disease 2019 (Covid-19).

The loan will be used for the national government's Second Health System Enhancement to Address and Limit Covid-19 under the Asia Pacific Vaccine Access Facility Additional Financing Project, or HEAL2-AF, according to documents released on the AIIB website on Friday.

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