COVAX-Facility is led by the GAVI-Alliance, which is a private non-profit foundation, founded by WHO, UNICEF, the Bill and Melinda GATES Foundation and the World Bank. This structure takes advantage of the competencies of its various partners, including technical knowledge from the world of research and development, as well as the know-how of the private sector, to accelerate access to vaccines, especially in countries where the needs are the most important, guaranteeing sustainable financing for these countries, thanks to negotiations with the vaccine market.
This mechanism launched last April by the WHO, the European Commission and France in the face of the pandemic, focuses on the development of vaccines against COVID-19 and has the participation of governments, global health organizations, manufacturers, scientists, the private sector , civil society and philanthropy.
The COVAX Mechanism seeks to raise funds that will allow Gavi to subsidize the purchase of vaccine doses for 92 eligible economies through funds from Official Development Assistance from donors, as well as support from private foundations.
By joining, Costa Rica will have access to candidate vaccine doses as a result of advance purchase commitments. As the doses of the candidate and selected vaccines become available, the country will have the opportunity to purchase Approved Vaccines from the manufacturers.