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Mexico Govt pays USD 160 million to WHO to access COVAX vaccine plan
The latest payment will allow Mexico to acquire enough doses of a vaccine to immunise up to a fifth of the country's population of around 125 million people, the foreign ministry said.
Mexico: Mexico's government announced 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 immunise 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 also: Bharat Biotech Covaxin to use ViroVax adjuvant for long-term immunity
According to the health ministry, Mexico has confirmed nearly 810,000 cases of the highly-contagious respiratory disease caused by the coronavirus, along with more than 83,000 recorded deaths, though both likely represent only a fraction of the true number of infections and fatalities due to little testing.
The government signed its COVAX contract late last month.
Read also: China signs deal to ensure COVID vaccines to developing countries
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751