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China offers loans to Latin America and the Caribbean for access to COVID-19 vaccine

HAVANA, Cuba, July 30 (ACN) China will offer a 1-billion-dollar loan to enable Latin American and Caribbean countries to access the COVID-19 vaccine, Chinese foreign minister Wang Yi said recently during an online meeting with the region's foreign ministers.

In his speech, Wang Yi thanked the cooperation of Latin America during the crisis by the pandemic and stressed the vaccine developed in his country will be a public good of universal access, as reported by the Ministry of Foreign Affairs of Mexico in a statement, Granma newspaper reported.
Last May, Chinese president Xi Jinping announced that Beijing would provide two billion dollars over two years to help countries affected by the pandemic in the economic and social fields, especially developing nations.
China has created a vaccine against the novel coronavirus developed by the Chinese biopharmaceutical company CanSino Biologics and the military research unit. It has been shown to be safe and capable of inducing immune responses in most patients, as demonstrated in a phase 2 human studies.
Mike Ryan, head of the World Health Organization's (WHO) emergency program, believes that there is good progress in the world's development of vaccines against the disease, with several already in phase 3 clinical trials.

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