China Gives $1 Billion Loan for Latin America Vaccine Access
- Mexico announces loan after meeting of top diplomats
- Loan comes amid rising tensions between China and the U.S.
People shop for herbs to use as a preventive measure against Coronavirus in La Paz, Bolivia.
Photographer: Marcelo Perez del Carpio/BloombergThis article is for subscribers only.
China will provide a $1 billion loan for Latin American and Caribbean countries to have access to its Covid-19 vaccine, Foreign Minister Wang Yi told top regional diplomats in a meeting, according to the Mexican government.
In a virtual gathering, Wang told his Latin American counterparts a vaccine against coronavirus developed by his country would have universal access, Mexico’s Foreign Affairs Ministry said in a statement late Wednesday. Wang also presented a list of Chinese projects to fight the disease in the region, according to the statement.