China makes $1bn loan to Latin American and Caribbean countries for access to coronavirus vaccine...

China has announced a $1bn loan to Latin American and Caribbean countries to pay for access to a coronavirus vaccine, according to the Mexican government.

The announcement, by Chinese foreign minister Wang Yi, followed a virtual meeting with his counterparts on Wednesday.

In a statement the Mexican government said: "China's foreign minister said that the vaccine developed in his country will be a public benefit of universal access, and that his country will designate a loan of $1bn to support access for the nations of the region."