MANILA, Philippines — The Asian Development Bank’s (ADB) has approved a $50-million loan to the Philippine government to help improve the country’s health care services, and make them more accessible and affordable for the poor.
The project will focus on cities and municipalities outside Metro Manila and is expected to result in the increased use of basic health care and referral services by the poor, specifically women and children.
The loan will finance the construction of new public health facilities and will be used to acquire state-of-the-art equipment for existing facilities. Focusing on maternal and child health care providers, the loan will aid them qualify for higher accreditation and increased financing from the Philippine Health Insurance Corp. (Philhealth).
The Better Health Care Project will also provide financial support to small private health providers – midwifery clinics, diagnostic facilities, and community drug stores – to allow them to move closer to rural communities. It will also provide funds for capital investment and working capital to promote a more efficient health care delivery system through the outsourcing of services, and establishing private insurance schemes.
The ADB loan will have a 25-year repayment term, including a grace period of 6 years and an interest rate determined in accordance with ADB’s London inter-bank offered rate (LIBOR)-based lending facility.
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November
Nov 2 – Intl Day to End Impunity for
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Nov 9 – World Science Day for Peace
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Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
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Filipino Values Month
National Rice Awareness Month
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Environmental Awareness Month
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Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
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18-Day Campaign to End
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Week 2: Week 3: Drug Abuse Prevention
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Last Week: Safety and Accident
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