ADB approves $450 million loan for Philippines healthcare program

December 7, 2023 - 9:15 AM
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This August 2007 file photo shows the facade of Asian Development Bank in Pasig City. (Eugene Alvin Villar/Wikimedia Commons)

 — The Asian Development Bank (ADB) has approved a $450 million loan for the Philippines to fund its universal healthcare program, the multilateral lender said in a statement on Wednesday.

The loan will help “the Philippines strengthen health policy reforms and further improve Filipinos’ access to medicines and health services”, the ADB said.

— Reporting by Mikhail Flores