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TOKYO—The Group of Seven (G7) rich nations is set to agree on establishing a new program to distribute vaccines to developing countries at next week's summit of leaders, Japan's Yomiuri newspaper said on Saturday.

In addition to the G7, G20 nations such as India and international groups such as the World Health Organization (WHO) and the World Bank will participate, it added, citing Japanese government sources.

During the COVID-19 pandemic, the COVAX facility, backed by WHO and the Global Alliance for Vaccines and Immunization (GAVI), delivered nearly 2 billion doses of coronavirus vaccine to 146 countries.

However, COVAX faced setbacks in ensuring equitable access, as wealthy nations prioritized shots for their citizens while insufficient storage facilities in poorer nations caused supply delays and disposal of millions of close-to-expiry doses.

The new program aims to pool rainy-day funds for vaccine production and purchases, as well as investment in low-temperature storages and training of health workers to prepare for the next global pandemic, the Yomiuri said. Head over to Medscape to read the full story.