Global COVID19 Response Gets $6.9 bn Funding As Countries Pledge To Support

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According to a Reuters report, a pledging summit on Saturday raised 6.15 billion euros ($6.9 billion) to tackle COVID-19.

What is it?

The event was part of a joint initiative by the European Commission and the advocacy group Global Citizen and included a star-studded globally televised and streamed concert.

Who Pledged What?

  • Belgium – 11.5 million euros to the World Food Programme, 4 million euros to the WHO’s COVID-19 solidarity response fund
  • Canada – C$120 million for the ACT Accelerator, C$180 million for COVID-19 humanitarian and development aid
  • Denmark – DKK16 million to the United Nations Population Fund
  • Economic Community of West African States (ECOWAS) – US$25 million towards West Africa’s COVID-19 relief and development
  • European Commission jointly with European Investment Bank – 4.9 billion euros to help countries recover from the pandemic
  • Germany – 383 million euros to support the Global Fund’s response mechanism and Global Citizen’s crisis network
  • Luxembourg – 800,000 euros to the COVID-19 Therapeutics Accelerator
  • Netherlands – 25 million euros for procurement of a vaccine for countries needing it the most
  • Norway – $10 million to vaccine alliance GAVI
  • Qatar – US$10 million to the WHO
  • Serbia – 100,000 euros to vaccine alliance CEPI for vaccine research
  • Spain – 10 million euros to the Coronavirus Global Response initiative
  • Sweden – 46 million euros to the WHO Solidarity Response Fund
  • Switzerland – 20 million euros to ensure equal access to a vaccine and testing
  • United States – $545 million for COVID-19 relief

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Source: Reuters