With time the disease Corona Virus is getting stronger, as we can see the death rates increasing. Governments in every country are taking initiatives to stop the virus from spreading. Like in London, many rich countries are prosperous in vaccinating their population to keep them safe from the spread of the virus, but the emerging nations lack this initiative.
But there is a way to solve this issue global vaccine sharing system aspires to make sure that access to the vaccination is fair and quick for all the countries, even if it is insufficient. Even though many problems may occur, the COVAX, the COVID-19 Vaccine Global Access plan, will remain the most acceptable expectation of the worldwide vaccination against the disease.
What is the COVAX?
To respond to a call from the leaders of G20 in March 2020 at the beginning of the pandemic, the COVAX was set up as a section of the (ACT) Access to COVID-19 Tools Accelerator. It is a plan for the global partnership.
The ACT Accelerator has three pillars that make it according to the WHO, and they are:
The complete form of COVAX is COVID-19 Vaccine Global Access, it is a pillar that these three partners of agencies co-manage, and they are the Coalition for Epidemic Preparedness Innovations (CEPI), WHO and Gavi, The Vaccine Alliance (Gavi). These three are the only initiatives that are working globally and helping the manufacturers and governments of countries to make sure the vaccines against the virus are available to every country.
The platform of COVAX is responsible for supporting the manufacturing, development, and research in a broader range of Coronavirus vaccine applicants, and it will discuss the costs. After joining the platform of COVAX, the participants, including economies and countries, will have the allowance to a portfolio of the Coronavirus vaccines even if they are not in a state to pay for it.
The goal of the global initiative platform
The primary aim or purpose of the COVAX platform is to obtain and comparatively dispense two billion doses of the vaccines against COVID-19 across approximately two hundred economies and countries by the end of the year 2021 by a method which is the COVAX facility, creation of Gavi.
They believe that it will be enough to protect the vulnerable and the patients with higher risk from the virus and the health care workers. The most crucial aim is to access COVAX to 92 lower and middle-income economies and countries that cannot afford the expenses of a COVID-19 vaccine themselves; they must get it equally, just like the countries that can easily afford them. In an interim distribution forecast, a report of early February, the COVAX planned to distribute the primary batch of three hundred and thirty-six million doses of the Oxford or AstraZeneca vaccine by the mid of the year 2021. It also plans o begin the shipment of 1.2 million doses of the Pfizer or BioNTech vaccine in the year’s first quarter.
The working of the plan by COVEX
All of the economies and countries with every level of income have the allowance to participate in the Facility of the COVAX. Through a different financing device or a profitable capacity, it mentions the Gavi COVAX Advance Market Commitment (AMC). The fund that Advance Market Commitment (AMC) gets is specifically from the government aid and contributions through the private sector and philanthropy. It also helps in accessing COVID-29 vaccinations for the 92 lower and middle-income countries, states Gavi.
The profitable participants will have the guarantee to sufficient doses of the vaccines to have the safety to a positive amount of their population. It will depend on the purchase of the scheme they will make for their people.
Moreover, the prosperous economies and countries will have to pay a premium to fund the poorer countries and economies. For the time being, the participants who will receive the funds will receive enough amount of the vaccines that there 20% of their population will have immunity for a longer time subjecting to the funding availability. Gavi states that the share of the vaccine doses will depend on the availability and will increase as the availability will grow.
What is the necessity of the vaccine?
As the virus is spreading rapidly, many people have lost their lives. Businesses like web content service and other businesses went online. People fear that there are so many death rates because of diseases and are looking for a cure. Vaccines are the only way to save lives and keep people safe from the spread of the virus.
The vaccine is helping governments save lives; according to an estimation by WHO, the vaccine will assist in protecting from the loss of $375 billion every month to the entire global economy. Without this initiative, it is hard to save a life, and there will continue more losses, Gavi states. COVAX is the only global initiative that ensures access to vaccines for every country even if it cannot afford the vaccine for its population to save as many lives as possible and keep no barriers between the developing countries.
It is a very massive initiative that COVAX is taking to save lives worldwide. Such an enormous initiative will not come without challenges. There are many challenges it will face, there are three things that are important to note, and here they are:
1. The first one is vaccine production because the production has to continue to meet the goal.
2. The second one is the logistics and the chain of supply. More supply will save more lives, and there will not be any vaccine shortage for anyone as more lives are coming into this world. Also, the planning should be for the long term for the future.
3. The third one or the last thing is the trust of the people. It means that people have to trust the initiative and take it for their protection.
All these challenges are apparent for a big plan and for keeping the process in continuation as it is a plan for the safety of the population.
There has to be a structure for coming times and if the situation gets out of the hands.