ADB approves $450 million loan for Philippines healthcare program

December 7, 2023 - 9:15 AM
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