ALBA-TCP and Russian Fund design route for the acquisition of vaccines against COVID-19

With the aim of consolidating the creation of the Vaccine Bank for the countries of the Bolivarian Alliance for the Peoples of Our America-Peoples’ Trade Treaty (ALBA-TCP), the Executive Secretary of the regional body, Sacha Llorenti, and the president of the Bank of Alba, Raúl Li Causi, held a telematic meeting this Friday with representatives of the Russian Fund for Direct Investment for the acquisition of the vaccine against COVID-19, Sputnik V.

The information was released by the Executive Secretary of ALBA-TCP through his account on the social network Twitter, in which he highlighted the importance of this initiative, which will be financed by Bank of Alba, to guarantee the vaccination of the people, in addition to meeting the drug needs of the nations of Latin America and the Caribbean, given the existing inequality in access to these supplies at the global level.

This project emerged during the XVIII ALBA-TCP Summit, held in December, as a way to alleviate the monopoly exercised by a small group of governments in the acquisition of most of doses of vaccines to attend the health emergency in their respective countries.

The ALBA-TCP Vaccine Bank is a policy proposed by Venezuela, which seeks to end inequality, control and appropriation of vaccines against COVID-19. To date, 95% of vaccines have fallen into the hands of only 10 countries, an action denounced by the World Health Organization (WHO).