SINGAPORE – The Republic will contribute US$5 million (S$6.6 million) to a global initiative to ensure sufficient production of Covid-19 vaccines and access for poorer nations.
The Advance Market Commitment (AMC) is a mechanism under the Covid-19 Vaccine Global Access (Covax) Facility. It aims to incentivise manufacturers to produce sufficient quantities of Covid-19 vaccines, and to ensure access for developing countries.
In a statement, the Health Ministry and Foreign Ministry said this “will help support 92 low- and lower-middle-income countries’ access to Covid-19 vaccines through the Covax Facility”.
Courtesy: The Straight Times