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Singapore contributes US$5 million to ensure lower-income nations get Covid-19 vaccine access
Dec 04. 2020
By Ng Keng Gene
The Straits Times/ANN
SINGAPORE – The Republic will contribute US$5 million (S$6.6 million) to a global initiative to ensure sufficient production of Covid-19 vaccines and access for poorer nations.
The Advance Market Commitment (AMC) is a mechanism under the Covid-19 Vaccine Global Access (Covax) Facility. It aims to incentivise manufacturers to produce sufficient quantities of Covid-19 vaccines, and to ensure access for developing countries.
In a statement, the Health and Foreign Affairs Ministries said this “will help support 92 low- and lower-middle-income countries’ access to Covid-19 vaccines through the Covax Facility”.
AMC-eligible countries include several Asean countries, as well as small states globally, they noted.
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.
It does this through supporting the research, development and manufacturing of a wide range of vaccine candidates, and negotiating their pricing.
As of Nov 25, Singapore is one of 97 self-financing participants in the facility.
The facility’s implementing partners are the World Health Organisation, Gavi, the Vaccine Alliance, and the Coalition for Epidemic Preparedness Innovations.
Singapore also co-chairs the Friends of the Covax Facility group with Switzerland to support the work of the facility.
The two ministries said that pandemic has had a significant impact on public health, society and the economy both at home and abroad.
“The virus does not respect borders, and no one is safe until everyone is safe,” they said, adding that “the successful development of safe and efficacious vaccines is a critical step towards overcoming the pandemic”.
Theyadded: “Singapore will continue to work closely with our international partners, in particular, the United Nations, the World Health Organisation, Gavi, the Vaccine Alliance, and the Coalition for Epidemic Preparedness Innovations to advance vaccine multilateralism and forge a global response to this pandemic.”
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