So far, about 75 countries and nations have expressed an increased interest in protecting their own populations and those of other nations by joining the COVAX Facility, a newly designed mechanism that ensures rapid, equitable, and fair access to COVID-19 vaccines all around the world.
The 75 countries will be financing the vaccines from their own public finance budgets, and will be partnering with up with 90 lower income countries that could benefit greatly from voluntary donations to Gavi’s COVAX Advance Market Commitment (AMC). Dr Seth Berkley, CEO of Gavi, the Vaccine Alliance, mentioned that COVAX Facility is the only truly global solution for the current pandemic.
The goal of the COVAX Facility is to deliver two billion doses of effective, safe vaccines that have succeeded in regulatory approval and/or WHO prequalification. The vaccines are set to be divided equally amongst participating countries, proportional to their populations. The COVAX Facility will also have extra doses for emergency and humanitarian use, including dealing with severe outbreaks before they spiral out of control.