This agreement opens up additional supplies for Australia, from which we could access vaccines for up to 50 per cent of our population under a two dose treatment requirement.
The WHO chief also unveiled a plan to have two billion doses of coronavirus vaccine available by the end of 2021, reports the UN News.
Purchases of vaccine doses will be negotiated as the potential vaccines are proven to meet safety and effectiveness standards.
By working with governments and vaccine manufacturers, the Covax Facility aims to deliver two billion doses of safe, effective vaccines that have passed regulatory approval and/or World Health Organization pre-qualification by the end of next year. "The global spread of Covid-19 means that it is only through equitable and simultaneous access to new lifesaving Covid-19 vaccines that we can hope to end this pandemic", said Dr Richard Hatchett, CEO of CEPI.
MHC said the country should actively participate in global discussions and not just rely on the domestic public health system.
With more than 200 Covid-19 vaccine candidates in different stages of clinical and pre-clinical testing, there is still no guarantee that any single vaccine now in development will work, said World Health Organization Director General Tedros Adhanom Ghebreyesus.
The Geneva-based body has said that 156 nations have joined the so-called COVAX plan to deliver some 2 billion vaccine doses globally by the end of next year but big countries such as China, Russia and the United States are missing.
As well as procuring doses for participating economies, the Covax Facility will also maintain a buffer of doses for emergency and humanitarian use.
"This is not charity, it's in every country's best interest. We sink or we swim together".
But alliance officials said dialogue continued with Beijing.
Other countries, however, appear to have no intention of signing up.
Without a coalition dedicated to ensuring equal distribution, there is a very real risk that the majority of people around the world will be unprotected against the COVID-19 virus.
The WHO chief called on stakeholders to ensure timely and accurate information reaches the world in order to help diffuse misinformation which hardens the fight against the pandemic.
"The COVAX Facility will help bring the pandemic under control, "save lives, accelerate the economic recovery and ensure that the race for vaccines is a shared endeavour, not a contest that only the rich can win", he upheld". Despite China's uncertain status and the USA declining to take part, the organizers are pressing ahead with their effort to protect the world from the fast-spreading virus as the death toll approaches 1 million. "We need a global solution to this global pandemic: we believe Covax is that solution". Developing a safe vaccine and making it available to everyone around the world is one way to support vulnerable communities.
"We are moving in the right direction. It is far better for us to work together than apart".