London: The international vaccine alliance GAVI has facilitated a new drive aimed at securing doses of COVID-19 vaccines for 92 low and middle-income countries and economies, including India, at the same time as wealthier nations.
The COVAX Advance Market Commitment (AMC) forms part of the COVAX Facility, a mechanism hosted by Gavi, the Vaccine Alliance, designed to guarantee rapid, fair and equitable access to COVID-19 vaccines for every country in the world.
“This crisis will have a terrible impact on the poorest and emerging economies, they will have limited resources to access future COVID-19 vaccines: it is our duty to support them. Without this support, the majority of the world’s population will continue to suffer from this disease even after we’ve developed a tool to tackle it. We now can stop this from happening,” said Dr Ngozi Okonjo-Iweala, Chair of the Gavi Board said in a statement released in Geneva.
The list of 92 AMC-eligible economies includes all economies with Gross National Income (GNI) per capita under USD 4,000 plus other World Bank International Development Association (IDA) eligible economies.
While close to USD 600 million has already been raised for the AMC, the “innovative financing mechanism” requires seed funding of USD 2 billion before the end of the year to secure and guarantee doses for the 92 AMC-eligible economies. India falls under the lower-middle income category.
A minimum of an additional USD 3.4 billion is estimated to be required to procure around one billion doses by the end of 2021. “We now have the framework in place to ensure that every economy, particularly the poorest nations, don’t get left behind in the race for a COVID-19 vaccine,” said Dr Seth Berkley, CEO of Gavi, the Vaccine Alliance. “This disease has spread at lightning speed across the globe, which means nobody is safe until everybody is safe. That’s why we now need support and vital funding to ensure that, once a safe, effective vaccine is ready, we can work on protecting the world and not just the lucky few. Gavi will work with governments, international organisations, manufacturers and civil society organisations to ensure doses get to those who need them,” Berkley said.
The 92 low and middle-income countries and economies approved by the Gavi Board will be able to access vaccines through the COVAX AMC, which will also cover at least part of the cost.
The COVAX AMC was launched last month at the Global Vaccine Summit hosted virtually by the UK. At that summit, Prime Minister Narendra Modi had pledged USD 15-million as India’s contribution to Gavi, the Vaccine Alliance. (PTI)
