The Philippines has received at least P6.5 billion ($130.4M) worth of financial aid intended for the government’s COVID-19 responses, says WHO.
The World Health Organization in its 39th situation report on the status of the fight against the pandemic in the country came from the private sector, non-government organizations, and other international groups, including WHO.
The largest donations came from the Project Ugnayan of the Philippine Disaster Resilience Foundation at $29.1 million; followed by United States Agency for International Development (USAID) ($19.2 million); San Miguel Corporation ($15.22 million) and pharmaceutical company Unilab ($12.08 million).
WHO also reported that the Philippines’ loans and grants are not yet included in the P6.5 billion COVID-19 donations.
The report showed that the government was also able to avail of a $1.1 billion loan from the World Bank and $1.5 billion from the Asian Development Bank (ADB) — a total of $2.6 billion, or P129.9 billion.
June 9, the Philippines signed a commitment deal with China-led Asian Infrastructure Investment Bank (AIIB) for a $750 million loan for COVID-19 funds.
The $750-million loan agreement seals AIIB’s commitment to co-finance with the Asian Development Bank (ADB) the country’s COVID-19 Active Response and Expenditure Support (CARES) program.
“As of 9 June, WHO received US$ 670.7 million and an additional US$ 258.0 million in pledges to its global appeal. This includes €114 million from the European Union to support 80 priority countries with weakened health care systems and capacity, including the Philippines,” the WHO said in its report.
“The French government through its Development Agency AFD donated €2 million to fight COVID-19 in Southeast Asia, including laboratory strengthening support for RITM (Research Institute for Tropical Medicine),” it added.
Tuesday, June 9, the Philippine Daily Inquirer reported that the country’s COVID-19 loans and grants have already reached $6.508 billion (P325 billion).