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To deal with the novel coronavirus dis-ease (COVID-19) pandemic, over 170 economies formed a multilateral ar-rangement, known as the Covax Facility, in June to secure vaccines in a cost-effective, targeted way.rnProposed by the Global Alliance for Vaccines and Immunisation, Coalition for Epidemic Preparedness Innovations and the World Health Organization (WHO), the facility will seek investment to secure approved vaccines for the most at-risk groups in all participating economies. The Covax Facility is probably the biggest multilateral cooperation initiative since the Paris Agreement on climate change in 2015.