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Go promises prudent use of P24.2B WB loan


SEN. Christopher Lawrence “Bong” Go assured the public on Wednesday that the World Bank’s $ 500 million (P24.2 billion) loan to the Philippines would be used with caution to procure Covid-19 vaccines.

World Bank Headquarters in Washington, DC XINHUA FILE PHOTO

“What is important here is that we have priority to buy the vaccines, because we are aware that the vaccine is the only solution for us to slowly resume our normal life,” said the chairman of the Senate committee on health and demographics. Filipino.

The World Bank approved the loan on Friday March 12.

Go stressed that the government is following World Bank guidelines to ensure the loan is spent properly.

“Inclusive vaccine deployment in accordance with the World Health Organization’s equitable allocation framework is critical to preventing serious illness and death from Covid-19, seriously opening up the economy, ensuring a resilient recovery and restoring jobs and income, ”Ndiamé Diop, World Bank director for Brunei, Malaysia, the Philippines and Thailand, said in a statement.

Go again urged the public to trust the health experts and the vaccine.

“What is important here is not to be afraid of the vaccine. Don’t be afraid of the vaccine; be afraid of Covid-19 because it kills, ”he said.

The senator said the government is committed to rapidly rolling out the national immunization program.

“The vaccination program is underway. We only give priority to 1.7 frontliners. After their vaccination, President Duterte and I will ensure that the poor and vulnerable sectors, such as the elderly, are then vaccinated, ”he said.

The country has so far received 600,000 doses of Chinese-made Sinovac vaccine and 525,600 doses of AstraZeneca vaccine from the World Health Organization’s Covax facility.

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