Mexico makes $159m cost to safe COVID-19 vaccine | Mexico Information
As countries battle for access to a possible COVID-19 vaccine, a plan supported by the World Health Organization aims to make it available to the world’s poorest.
The Mexican government has made a $ 159.88 million payment to secure access to COVID-19 vaccines as part of a plan supported by the World Health Organization as countries around the world struggle to secure supplies.
The COVID-19 Vaccines Global Access Facility (COVAX) is a multilateral initiative that is experimenting with several potential vaccines. Paying to Gavi, The Vaccine Alliance, which manages COVAX, will allow Mexico to purchase enough doses of vaccine to immunize up to a fifth of the country’s population of approximately 125 million, the State Department said.
The Mexican government signed its COVAX contract late last month. So far, China has been the largest economy to support this initiative, as neither the US nor Russia signed the project to ensure that the world’s poorest countries have access to a vaccine.
A statement from Mexico’s State Department said the government had submitted the “risk guarantee” documentation for an additional $ 20.6 million, which it identified as part of the contractually required access to vaccine supplies. The declaration did not contain any additional information about the second payment.
According to the Department of Health, Mexico has confirmed nearly 810,000 cases of the highly contagious respiratory disease caused by the coronavirus, as well as more than 83,000 deaths, although both are likely only a fraction of the actual number of infections and deaths from a lack of testing.
The goal of COVAX is to develop three vaccines that can be used worldwide and that will deliver around two billion vaccine doses worldwide by the end of next year.