Categories: HealthPhilippines

Vaccine as a Priority: Duterte Accede to Advance Payment for COVAX

The President is still going through different issue but here’s another thing he tries to manage. It’s about how he recently approved the advance payments for vaccines for COVID-19, marking a change in the posture of the chief executive who formerly rejected allowing advance payments for the drug to end the pandemic of coronavirus.

Presidential spokesperson Harry Roque announced that according to the World Health Organisation, the Philippines will enter into advanced market commitments: legally binding arrangements for a quantity of funds to subsidize the procurement, at a specified price, of a vaccine that is not yet available. Private vaccine developers gave note for this.

In view of this, Duterte had previously declined to make advance payments to pharmaceutical firms, claiming that he would give preference to vaccinations from China and Russia so they are not supposed to ask for reservation fees. Even Health officials earlier requested Duterte’s approval for advance payments, as these are forbidden by the country’s procurement law unless authorised by the president.

According to the procurement law’s implementation rules and regulations, advance payments should only be made after the President has approved them and can not reach 15% of the contract value, unless otherwise ordered by the President. In addition to acquiring vaccines supplied by private companies, advance payments are still expected to procure vaccinations from the COVAX Global Alliance for Vaccination and Immunization, which is intended to guarantee adequate doses for 20% of the population of the participating countries.

Morever, In order to comply with the specifications of COVAX, the Philippines is putting aside roughly P1.5 billion in advance payment in order to allow the nation to have secure access to the vaccine once available.

Jasmine C.

Mabuhay! An upcoming Newswriter for the Asian Affairs from the Pearl of the Orient - Philippines. Avid follower of celebrity gossips, fashion news. I got into writing so that my fellow Kababayan will be constantly updated with the latest news.

Recent Posts

Vietnam International Defense Expo 2024

The 2024 Vietnam International Defense Expo was inaugurated by the Prime Minister Pham Minh Chinh on December 19, 2024 and…

December 22, 2024

Shooting concludes: Stranger Things 5 to release on Netflix in 2025

Created by the Duffer Brothers, Stranger Things is one of the most popular sci-fi horror series globally. It is set…

December 21, 2024

China’s Hypersonic Expansion in Asia Raises Alarms for India

According to the US Department of Defense, China has now produced the most sophisticated supply of hypersonic weapons in the…

December 21, 2024

Melaka International Halal Festival 2024

The Melaka International Halal Festival 2024 aims to turn the city as the prime center of the Halal products and…

December 21, 2024

Chunichi Dragons Renews the Contract of Hiroto Takahashi with Annual Salary of 120 million yen

On Saturday, the stalwart of Chunichi Dragons Pitcher, Hiroto Takahashi attended the negotiation for his contract renewal for the next…

December 21, 2024

Biden-Harris administration cancels another $4.28 billion in US student loans

US President Joe Biden has cancelled another $4.28 billion in student loans for nearly 55,000 people across the country, the…

December 20, 2024

This website uses cookies.

Read More