Swiss Government joins the COVAX initiative, commits to providing 2 Billion COVID-19 vaccine doses
Europe CoronaVirus

Swiss Government joins the COVAX initiative, commits to providing 2 Billion COVID-19 vaccine doses

Reading Time: 2 minutes

Fair and equitable vaccine distribution is the primary goal of the COVAX initiative

While no country has approved a Covid-19 vaccine to date, intense research and development efforts are underway. In order to secure a fair distribution of COVID-19 vaccines across the globe, nations across the world have formed the COVAX initiative (COVID-19 Vaccine Global Access Facility) and created a pooled procurement mechanism.

The goal is to procure two billion doses of vaccines from a range of manufacturers by the end of 2021. Currently, nine vaccine candidates are part of the COVAX initiative, with a further nine being evaluated for inclusion. COVAX aspires to create the largest and most diverse COVID-19 vaccine portfolio in the world.

Amid the fight against Covid-19, COVAX is the first procurement programme for Covid-19 vaccines that is open to all countries.

The transnational vaccine initiative was launched in June 2020. COVAX also allows 92 low-income countries access to vaccines funded by development assistance; Switzerland contributes 20 million Swiss francs. In addition, so-called self-financing countries – that is, higher-income countries such as Switzerland – may contribute additional funds to secure Covid-19 vaccines for their own populations.

Swiss Government joins the COVAX initiative, commits to providing 2 Billion COVID-19 vaccine doses

COVAX is co-led by the Vaccine Alliance (Gavi), the Coalition for Epidemic Preparedness Innovations (CEPI) and the World Health Organization (WHO). Switzerland has been among the initiative’s supporters from the beginning and, together with Singapore, has led a group of likeminded countries to supervise the development of the COVAX Facility from the perspective of self-financing countries.

Switzerland commits to promoting a global solution for the equitable distribution of Covid-19 vaccines. The COVAX initiative led by GAVI, CEPI and the World Health Organisation (WHO) aims at providing some two billion doses of vaccines. On 18 September 2020, Switzerland confirmed its participation in the COVAX initiative to secure vaccines for twenty per cent of its population.

More great reading