Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Mexico urges rich countries to stop 'hoarding' COVID-19 vaccines

Published 02/17/2021, 02:29 PM
Updated 02/17/2021, 03:00 PM
© Reuters. AstraZeneca COVID-19 vaccines arrive in Mexico

MEXICO CITY (Reuters) - Mexico on Wednesday made a plea at the U.N. Security Council for countries to stop hoarding vaccines against COVID-19 as poorer ones fall behind in the race to vaccinate their citizens.

Three quarters of the first doses have been applied to citizens in only ten countries that account for 60% of global gross domestic product (GDP), Mexican Foreign Minister Marcelo Ebrard said, while in more than 100 countries no vaccines have been applied at all.

"We urge countries to avoid hoarding vaccines and accelerate the first stages of COVAX deliveries, to give priority to countries with fewer resources," Ebrard said before the council, which Mexico is currently a member of.

Ebrard said that so far no vaccines have been distributed under the scheme. Officials from the Pan American Health Organization said on Wednesday that countries could expect confirmation of their COVAX vaccine shipments soon, although the first batches were expected to be small.

In all, 190 countries including have joined COVAX, which aims to ensure equitable access to vaccines. The scheme is jointly run by the GAVI alliance, the WHO, the Coalition for Epidemic Preparedness Innovations and UNICEF.

"It is urgent to act, to reverse the injustice that is being committed because the security of all humanity depends on it," Ebrard said.

© Reuters. COVID-19 vaccination in Linares

Mexico itself has signed agreements with several international pharmaceutical companies for millions of doses for its 126 million people amid global delays and shortages of some vaccines.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.