Venezuelan government officials and opposition leaders have met to discuss buying coronavirus vaccines through the COVAX program using cash frozen in the United States by economic sanctions, two sources familiar with the matter said on Thursday.
Opposition leader Juan Guaido last week said that Venezuelan funds controlled by the U.S. Treasury Department could be used to pay for vaccines. The cash-strapped government of President Nicolas Maduro has signed up for COVAX, co-led by the World Health Organization (WHO) to provide vaccines globally, but has not made the associated payments.
The meeting marks a step forward in what will likely be a long process requiring that U.S. authorities approve the use of the funds, as well as the completion of a vaccination roll-out plan for crisis-stricken Venezuela.
In a Thursday evening state television appearance, Maduro said the government was working on a $300 million deal for vaccine supplies, but did not provide details
“We are looking for a practical, effective agreement to create a $300 million fund for Venezuela’s vaccines with the Pan American Health Organization (PAHO), with the WHO,” Maduro said.
The United States in 2019 froze $342 million held by Venezuela’s central bank in the United States as part of a sanctions program that was meant to force Maduro from power.
Moving the funds usually requires applying for license from the U.S. Treasury’s Office of Foreign Asset Control.
The Pan American Health Organization’s Chief of Mission in Venezuela, Paolo Balladelli, in a tweet said there had been advances in obtaining vaccines for Venezuela, and that Unicef and the World Health Organization would be involved.Today, with the will of the political, technical and academic actors of Venezuela, the National Roundtable for Access to the COVAX Strategy has advanced to guarantee access to vaccines against COVID-19,