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S'pore to contribute $5mn to help other nations get Covid-19 vaccines

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Singapore, Dec 4 (IANS) Singapore on Friday announced its decision to contribute $5 million to support low- and lower-middle-income countries procure Covid-19 vaccines.

The announcement was made in a joint statement by the Ministries of Foreign Affairs and Health, reports Xinhua news agency.

The money would go through the Covid-19 Vaccine Global Access (COVAX) Advance Market Commitment (AMC) mechanism, which will help support 92 low- and lower-middle-income countries’ access through the COVAX Facility, said the statement.

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The COVAX Facility is a global risk-sharing mechanism which seeks to procure, equitably allocate and deliver 2 billion doses of COVID-19 vaccines by the end of 2021.

Singapore is one of 97 self-financing participants in the Facility.

The contribution is part of “our consistent support for vaccine multilateralism, and the fair and equitable access and allocation of vaccines”, said the statement.

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The AMC eligible countries include several ASEAN countries as well as small states globally, it added.

The Covid-19 virus “does not respect borders, and no one is safe until everyone is safe”, said the statement, adding that the successful development of safe and efficacious vaccines is a critical step towards overcoming the pandemic.

–IANS

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