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

Singapore, Dec 4 : 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.
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.