Japan, US donations boost PH war chest vs. COVID-19 | Inquirer Business

Japan, US donations boost PH war chest vs. COVID-19

By: - Reporter / @bendeveraINQ
/ 03:32 PM July 30, 2021

Asian Development Bank

A picture shows the logo of the Asian Development Bank (ADB) displayed outside its headquarters in Manila on September 2, 2010. Photo by TED ALJIBE / AFP (file)

MANILA, Philippines—Thanks to foreign donors like Japan and the United States, the Philippines’ war chest to fight the prolonged COVID-19 pandemic inched up to $30.46 billion (about P1.53 trillion) or 8.63 percent of gross domestic product (GDP), the Asian Development Bank (ADB) said.

The latest update to the ADB COVID-19 Policy Database on Friday (July 30) showed a slight increase in the Philippines’ policy measures as of July 26, from $30.45 billion or 8.62 percent of 2019 GDP in June.

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The newest addition to health support measures included grants and donations from the Japanese and US governments, such as medical equipment and COVID vaccines.

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For instance, the ADB noted that Japan extended a 687-million yen (about P308-million) grant for cold-chain transport and ancillaries to be used in the Philippines’ mass vaccination program.

Japan also donated to the Philippines 1.12 million doses of AstraZeneca vaccines, which arrived last July 9.

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The US donated 420 intensive care unit (ICU) beds worth P23.9 million, which arrived in the Philippines on July 15, the ADB noted.

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Also, 1.6 million doses or half of the 3.2 million single-dose Johnson & Johnson vaccines committed by the US through the COVID-19 vaccines global access facility (Covax) arrived in the Philippines on July 17.

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The Janssen vaccines increased to a total of 164 million the doses which the Philippines acquired as of July 22, which also included 40 million doses of Pfizer-BioNTech, 26 million of Sinovac, 13 million Moderna doses, as well as 10 million doses of Sputnik V, the ADB said.

In Asean, the Philippines’ war chest against COVID-19 was eclipsed by those rolled out by Malaysia ($143.3 billion or 43.5 percent of GDP); Indonesia ($115.33 billion or 11.35 percent of GDP); Singapore ($101.07 billion or 30.52 percent of GDP); and Thailand ($100.66 billion or 20.58 percent of GDP).

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TAGS: #COVID19PH, ADB, Donations, Japan, pandemic response, US, vaccines

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