Asian Development Bank Approves $600 Million Loan to Expand Health Services in the Philippines

The Asian Development Bank (ADB) approved a $600-million policy-based loan on Friday to assist the Philippines in providing high-quality, equitable health care. 

The loan is part of the multilateral development bank’s “Build Universal Health Care Program,” which aims to boost the Philippine government’s efforts to improve the delivery and funding of health services. 

The Build Universal Health Care program aims to improve the government’s ability to meet its UHC (universal health care) goals and deliver timely and equitable health care services across the country, particularly for the poor and disenfranchised. 

The Build Universal Health Care Program aims to improve the Health Department’s and Philippine Health Insurance Corp.’s implementation capability while also fostering collaboration among LGUs, agencies, and the private sector. 

The ADB intends to continue its work throughout Asia and the Pacific to eradicate severe poverty. The bank provides loans, technical support, grants, and equity investments to developing member countries and partners, among other things.