News
29 March 2021
AIIB unveils first vaccine financing deal
In:
Social infrastructure
Region:
Asia-Pacific
The Asian Infrastructure Investment Bank has launched its first vaccine financing under its COVID-19 Crisis Recovery Facility.
AIIB’s Board of Directors approved a loan of $300 million to support the Philippines in rapid procurement of eligible COVID-19 vaccines.
The loan, cofinanced with the Asian Development Bank, supports the country’s Second Health System Enhancement to Address and Limit COVID-19 under the Asia Pacific Vaccine Access Facility Project (HEAL 2). It will support the Philippines government in providing vaccines for approximately 50 million people — 43.8% of the population.
