ALBA Bank establishes humanitarian fund for the purchase of vaccines against COVID-19 for its member states - MPPRE

ALBA Bank establishes humanitarian fund for the purchase of vaccines against COVID-19 for its member states

The executive president of the ALBA Bank, Raúl Li Causi, announced this Tuesday, during the ALBA-TCP Social Council Meeting, that, among other actions of common interest, the funds for the 2021 Post-Pandemic Work Plan, approved in previous months by the member states of the regional platform for the creation of a humanitarian fund for the purchase of vaccines against COVID-19, are aviable.

“In the first phase, we have 2 million dollars to buy vaccines immediately (…) In different phases, we will provide the financial support that the countries of the eastern Caribbean will need, especially Antigua and Barbuda, Dominica, Saint Vincent and the Grenadines, Granada and Saint Kitts and Nevis”, he expressed.

The president of the Bank of ALBA explained that it is not possible to collaborate logistically, but with this financing, the governments will be able to continue with their negotiations on pharmaceutical matters with direct resources from the Bank of ALBA.

https://www.mppre.gob.ve/2021/01/19/venezuela-plantea-en-reunion-del-alba-tcp-que-vencer-el-bloqueo-es-el-principal-reto-de-cara-a-la-inmunizacion-de-su-pueblo-contra-el-covid-19/

In a second phase, Li Causi reported, the creation of the vaccine and treatment bank is planned. “What is the objective of this Bank? Identify the inconveniences and needs of the region and put the resources in the country that needs them, on time”, he assured.

Finally, from the Bank of Alba and thanks to the existing correlation with the state airline Conviasa, the establishment of an airlift was offered to transport these vaccines and treatments, in a third phase of this project.