Mexico Makes Nearly $160 Million Down Payment for COVAX Vaccine Plan

Healthworld/Reuters
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October 17, 2020


MEXICO CITY: Mexico's government announced on Saturday that it paid the World Health Organization $159.88 million to secure access to Covid-19 vaccines through the agency's COVAX plan as countries across the globe race to secure supplies.

The global health agency's COVAX Facility is a multilateral initiative running trials on several potential vaccines. The latest payment will allow Mexico to acquire enough doses of a vaccine to immunize up to a fifth of the country's population of around 125 million people, the foreign ministry said.

The foreign ministry statement added that the government had presented the "risk guarantee" paperwork for another $20.6 million, which it described as part of the contractually required commitments to access the eventual vaccine supply. The statement did not provide additional details on the second payment.

Read the original at Healthworld.

What is COVAX (from Gavi COVAX Facility)

COVAX is the vaccines pillar of the Access to COVID-19 Tools (ACT) Accelerator

The ACT Accelerator is a ground-breaking global collaboration to accelerate the development, production, and equitable access to COVID-19 tests, treatments, and vaccines.

COVAX is co-led by Gavi, the Coalition for Epidemic Preparedness Innovations (CEPI) and WHO. Its aim is to accelerate the development and manufacture of COVID-19 vaccines, and to guarantee fair and equitable access for every country in the world.

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