Chinese Foreign Minister Wang Yi announced a $1 billion loan to Latin America and the Caribbean for Covid-19 vaccine access during a virtual gathering with his Latin American counterparts, according to a statement from the Mexican Foreign Affairs Ministry
"China's Foreign Minister said that the vaccine developed in his country will be a public benefit of universal access, and that his country will designate a loan of $1 billion to support access [to the vaccine] for the nations of the region," the statement said.During a daily briefing on Thursday, Mexican President Andrés Manuel López Obrador thanked China after the loan announcement.
"He said the meeting would"consolidate consensus between the two sides on jointly fighting the pandemic, cement political mutual trust, uphold multilateralism" and build a community with a shared future for the regions.Latin America became the epicenter of the global pandemic in late May.
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