Philippines secures $250 mln loan from ADB for COVID-19 vaccines

The Asian Development Bank (ADB) has approved a $250 million loan for the Philippines to purchase COVID-19 vaccines, it said in a statement on Monday. The ADB said the loan would allow the government to purchase 40 million additional COVID-19 vaccine doses for eligible children and booster shots for adults. The Philippines is aiming to fully vaccinate at least 54 million people, or nearly half of its 110 million population, before the year ends.