China extends $1 Billion Loan to Latin American and the Caribbean Countries for accessing COVID-19 Vaccine

  • A statement released by Mexico’s Foreign Affairs Ministry said that the Foreign Minister of China, Wang Yi, has announced that they are offering a $1 billion loan to Latin America and the Caribbean countries so that they can access Covid-19 vaccine. The statement went on to say that the COVID-19 vaccine developed in China will be used for the public benefit of universal access. President of Mexico, Andrés Manuel López Obrador, has thanked China for announcing the loan for accessing the vaccine. The Mexican President said: “We're very grateful to China, with the Chinese government, the President -- you remember I had the chance to speak to him on the phone -- we asked him for support with medical equipment, there have been many aid flights coming from China.” A virtual meeting was conducted on Wednesday, which was led by Mexico's Foreign Affairs Minister, Marcelo Ebrard, and his Chinese counterpart Wang Yi. Other Latin American and Caribbean countries that attended the virtual meeting include Cuba, Argentina, Uruguay, Costa Rica, Colombia, Chile, Barbados, Trinidad and Tobago, Peru, Panama, Ecuador, and the Dominican Republic. China's Foreign Ministry spokesperson Wang Wenbin said in his daily briefing before the start of the virtual meeting that “China and Latin American and Caribbean countries, though oceans apart, have stood together against this common foe and conducted practical and effective cooperation to the benefit of all our people.”