Posted: Thursday, August 12, 2021. 8:48 am CST.
By Aaron Humes: The Pan American Health Organization (PAHO) will use its Revolving Fund to help countries in Latin America and the Caribbean procure enough vaccines to control transmission, PAHO Director Carissa F. Etienne said.
PAHO’s Revolving Fund will go “beyond the 20 percent COVAX offers,” Dr. Etienne explained, referring to COVAX’s commitment to procure vaccines for 20% of the region’s population—the most at-risk groups.
The Revolving Fund, which has procured other vaccines for the region at low prices for 42 years, is already receiving requests from countries for COVID-19 vaccines for the last three months of 2021 and for 2022, Dr. Etienne said. “So far, more than 20 countries have formally expressed interest and the number is growing by the day.”
Up until now, the Revolving Fund has served as one of the COVAX purchasing mechanisms and worked directly with countries requesting support to deliver donations through bilateral agreements. It has deployed over 20 million COVID-19 vaccine doses to Latin American and Caribbean countries procured through COVAX.
“Our region needs to pursue all possible avenues to expedite access and ensure countries reach their vaccination goals,” Dr. Etienne said. “We still need more donations, and we still need COVAX to deliver on its original commitment. We also need to create new opportunities that meet the diverse needs of our Member States, and that increase the supply of vaccines to the people and communities at greatest risk.”
The Revolving Fund initiative “will benefit every country in the region, but especially those that lack the resources and negotiating power to secure the doses necessary to protect their people,” she added.
Dr. Etienne drew attention to the Revolving Fund’s pivotal role in the history of strong immunization in Latin America and the Caribbean, where countries have enjoyed high rates of vaccine coverage, “regardless of their income or infrastructure.”
The Revolving Fund consolidates regional demand so that vaccines can be procured in bulk. It also procures syringes, cold-chain equipment, and other supplies.
“For decades, the Revolving Fund has been a catalyst of equity and solidarity and has been responsible for protecting generations of children across Latin America and the Caribbean from vaccine-preventable diseases,” Dr. Etienne said.
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