Published: 2020-10-21 19:37
Last Updated: 2020-10-21 19:43
China announced that Malaysia, Thailand, Cambodia and Indonesia would be given priority to the COVID-19 vaccine and will deliver the vaccine to countries across Asia, Africa and Latin America in efforts to use the vaccine as a new tool to strengthen relations with the countries, according to the Financial Times Newspaper Wednesday.
In addition, Beijing has pledged to provide a loan of $ 1 billion to Latin American and Caribbean countries to assist with vaccine purchase finances.
Four Chinese vaccines are currently in phase 3 trials, with the aim of ensuring safety and efficacy before approval for use.
China previously joined the COVAX initiative supported by the World Health Organization (WHO), with the aim of providing two billion vaccines by the end of 2021.
COVAX is the vaccines pillar of the “Access to COVID-19 Tools (ACT)” Accelerator.
This Accelerator is a collaboration which facilitates the development, production and access to COVID-19 treatments, vaccines and tests.