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Philippines: World Bank approves additional funding for more vaccines – Philippines

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WASHINGTON, December 21, 2021 – The World Bank Board of Directors today approved $ 300 million in additional funding for the Philippines’ efforts to scale up national immunization, strengthen the country’s health systems and overcome the impact of pandemic, especially among the poor and the most vulnerable.

the Philippines COVID-19 Emergency Response Project – Additional Funding 2 (PCERP-AF2) cover the purchase and delivery of doses to persons aged 12 to 17; additional doses, as part of the primary series, for subgroups of the population at risk, including immunocompromised people and the elderly, who were not fully protected by the initial two-dose or single-dose regimens ; and booster doses for health workers and the general population.

“Fair, wide and rapid access to effective and safe COVID-19 vaccines is vital to save lives and strengthen economic recovery”, noted Ndiamé Diop, World Bank Country Director for Brunei, Malaysia, Philippines and Thailand. “This funding transaction is essential for the country to safely reopen the economy and resume economic and social development activities, including face-to-face learning, which have been disrupted by the COVID-19 pandemic. “

Scheduled to provide approximately 27 million doses of vaccine, subject to regulatory approvals and safety data, this new loan will also fund primary doses for children under 12 in support of the country’s efforts to reopen clinics. safe schools.

Diop added that this new loan operation will also contribute to the country’s efforts to deal with emerging variants like Omicron.

The global vaccine supply market remains vendor driven with many uncertainties for low and middle income countries. Therefore, negotiating supply agreements with suppliers ahead of the planned intensification of immunization in the country in 2022 is a step in the right direction, Diop added.

The funding builds on previous World Bank funding of $ 100 million approved in April 2020 to help the country meet the urgent health care needs to deal with the pandemic and strengthen the country’s preparedness for the pandemic. public health, and $ 500 million approved in March 2021 to fund the first roll-off of the immunization program.

World Bank Group Response to COVID-19

Since the start of the COVID-19 pandemic, the World Bank Group deployed over $ 157 billion to combat the health, economic and social impacts of the pandemic, the fastest and most important crisis response in its history. Funding helps more than 100 countries strengthen pandemic preparedness, protect the poor and jobs, and launch a climate-friendly recovery. The Bank also supports over 50 low- and middle-income countries, more than half of which in Africa, with the purchase and deployment of COVID-19 vaccines, and provides $ 20 billion in funding for this purpose until the end of 2022.

PRESS RELEASE N °: 2022/046 / EAP

Contacts

in Washington

Kym smithies

[email protected]

in Manila

David Llorito

[email protected]


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