Published 17:08 IST, October 31st 2020
Australia pledges $351 million to secure COVID-19 vaccines for Asia & Indo-Pacific region
Australia foreign aid spending will be made via the global COVAX Facility plan to secure COVID-19 vaccines using the advance purchase agreements.
- World News
- 3 min read
On October 30, Australia announced that it will spend approximately $351 million to secure coronavirus vaccine for Pacific and Southeast Asia under its shared recovery initiative. Australian Prime Minister Scott Morrison said in a statement that Australia has a responsibility towards its regional partners in Southeast Asia to establish a local manufacturing chain for safe immunization from COVID-19. Australia's foreign aid spending will be made via the global COVAX Facility plan to secure COVID-19 vaccines using the advance purchase agreements.
According to a joint media release issued by Australia's Ministry for International Development and the Pacific Assistant Defence Minister and MP Alex Hawke, Australia will ensure inoculation against the COVID-19 as the Indo-Pacific region is key to stimulate Australia's economic activities and restore jobs at home and abroad.
"Australian Government is committed to supporting access to safe and effective COVID-19 vaccines for the Pacific and Southeast Asia as it will contribute to Australia’s own health security and economic recovery," the ministry said.
Australia's participation in the multilateral COVAX Facility will have the nation procure safe and effective vaccines not only for its citizens, but for countries in Pacific and Southeast Asia via the Australian government’s existing Advance Purchase Agreements with Astra Zeneca-Oxford and CSL-University of Queensland.
An additional $500 million pledged
Furthermore, the Australian government is aiming at providing the Indo-Pacific region with technical support for supplying safe and effective vaccine doses throughout the Asian population. "Australia will assist with the assessment of vaccine safety, efficacy and quality by national regulatory authorities, informed by WHO advises," the ministry informed. An additional $500 million was pledged by the Australian government for implementation of the "full immunization coverage" in the region. The funding will stretch across three years in the effort on top of the $23.2 million committed in the Budget.
"Funding will further help ensure that the countries of the Pacific and Timor-Leste are able to achieve full immunization coverage, and will make a significant contribution toward meeting the needs of Southeast Asia," the foreign ministry clarified. Furthermore, it insisted that a vaccine rollout in the Pacific and Southeast Asia will imply a resumption of travel, tourism, and trade with key partners in the region. The funding will be approved under Australia's support for global efforts through the COVAX Facility and Advance Market Commitment (AMC) for developing nations. Morrison's government has already funded $80 million to the Facility’s AMC.
Updated 17:08 IST, October 31st 2020