loans and grants

ADB approves $600-million loan for Philippines’ universal health care

Ralf Rivas
ADB approves $600-million loan for Philippines’ universal health care

HEALTH CARE. The Southern Tagalog Regional Hospital in Bacoor City, Cavite.

Dennis Abrina/Rappler

Proceeds of the loan will be for financing and delivery of health services and implementing measures to monitor performance of health service providers

The Asian Development Bank (ADB) on Friday, November 19, approved a $600-million loan for the Philippines’ universal health care (UHC) reform program.

Proceeds of the loan will be for financing and delivery of health services and implementing measures to monitor performance of health service providers.

In addition to the loan, the ADB will administer a $2-million technical assistance grant from the Japan Fund for Poverty Reduction to support the implementation of health policy reforms in local government units.

“The COVID-19 pandemic has highlighted existing constraints in the country’s healthcare service delivery, which the government sought to address in its pandemic health response. This program seeks to boost the government’s ability to achieve its UHC goals and provide timely and equitable healthcare services, especially for the poor and marginalized across the country,” said Ayako Inagaki, ADB director of human and social development for Southeast Asia.

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Moreover, the latest funding supports existing grants and programmed loans, including:

In 2019, the Philippines enacted the UHC law, ideally for Filipinos to have equitable access to health services. All Filipinos are automatically included in the national health insurance program. – Rappler.com

Ralf Rivas

A sociologist by heart, a journalist by profession. Ralf is Rappler's business reporter, covering macroeconomy, government finance, companies, and agriculture.