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Friday, March 5, 2021
Wednesday, January 20, 2021

ALBA-TCP will finance access to vaccines against Covid-19

Caracas, Jan 20.- The countries of the Bolivarian Alliance for the Peoples of Our America-Peoples' Trade Agreement (ALBA-TCP) will access financing for the acquisition of vaccines against Covid-19, the regional bloc determined. 

During a meeting of the Social Council of that mechanism, the president of the Bank of ALBA, Raúl Li Causi, reported on the availability of a fund of two million dollars destined to financially support in various phases the access of the nations of the area to inputs and medicines.

At first, the bank will allocate non-returnable resources to the island states of the eastern Caribbean that belong to the bloc, to make direct purchases from suppliers, explained the manager.

In the medium term, the financial body plans to pay taxes to the creation of the ALBA-TCP bank for vaccines and treatments, an initiative that emerged at the Alliance Summit held on December 14, 2020.

The head of the Bank of ALBA also indicated the commitment to contribute to the creation of an air bridge, in collaboration with the Venezuelan state airline Conviasa, for the transfer of medicines and antidotes destined to attend the health emergency in the countries of the bloc.

He advocated finding focal points and harmonizing joint strategies to counter Covid-19, based on the challenges and particularities of each of the member countries of the Alliance.

During the meeting held by videoconference, the ALBA-TCP Social Council agreed to strengthen the participation of the member states in the negotiation processes already in place for the development of a more efficient and effective device for joint purchases of vaccines and medicines.

They also laid the foundations for the creation of a humanitarian Fund whose objective will be to contribute to improving access to medical supplies, rapid and molecular tests for the detection of Covid-19. (Text and photo: PL)