The Asian Development Bank’s 3-million-dollar grant for the Philippines will be used by the Department of Health to buy emergency medical supplies for the fight against COVID-19.
The Manila-based multilateral lender confirmed Finance Secretary Carlos Dominguez III’s announcement last Friday that the Philippines secured fresh funding to contain the coronavirus.
The ADB said it will manage the grant coming from the Asia-Pacific Disaster Response Fund. It added that it will work closely not only with the DOH but also the World Health Organization and related United Nations agencies so they can purchase and deliver medical supplies on time.
The funds are seen to support the Philippine government as it moves to respond to the threat posed by the novel coronavirus to health and economic activity. The ADB earlier made available 4 million dollars in funds for its member-countries’ immediate response to COVID-19.