MEXICO CITY, Sept. 22 (Xinhua) -- Mexico's government will this week formalize its participation in the COVAX Facility, a global initiative to ensure equitable access to any vaccines against the novel coronavirus (COVID-19), Foreign Affairs Minister Marcelo Ebrard said on Tuesday.
"It would be Mexico's first, so to speak, binding contract for access to vaccines against COVID-19," Ebrard said at a press conference, accompanied by President Andres Manuel Lopez Obrador.
Participation in COVAX Facility will provide Mexico with "equitable, timely, flexible" access to 18 eventual vaccines, "and at fair prices," he said.
Mexico's government has said it agreed to the "optional purchase" of dosages needed to vaccinate 20 percent of its population.
COVAX Facility is a joint initiative co-led by the Coalition for Epidemic Preparedness Innovations, the Vaccine Alliance and the World Health Organization (WHO).
Lopez Obrador said Mexico is gradually emerging from the pandemic.
"The pandemic is on the decline and that is good news," he said.
Mexico has reported 700,580 confirmed cases of COVID-19 and 73,697 deaths from the disease since the start of the outbreak.