The Financial Express

G20 pledges more than $21b to fight coronavirus

| Updated: June 10, 2020 11:14:23

G20 pledges more than $21b to fight coronavirus

The Group of 20 rich and emerging economies has pledged more than 21 billion US dollars to fight the coronavirus (COVID-19), the group said early on Saturday.

 “The G20, with invited countries, has coordinated the global efforts to support the fight against the COVID-19 pandemic. To date, G20 members and invited countries have pledged over $21 billion to support funding in global health,” the group said in a statement.

The pledges will be directed towards diagnostics, vaccines, therapeutics, and research and development, reports Reuters citing the statement.

In April the group called on all countries, non-governmental organisations, philanthropies and the private sector to help close a financing gap estimated at over $8.0 billion to combat coronavirus pandemic.

Saudi Arabia, the current G20 chair has pledged $500 million to support global efforts to combat the pandemic. It said then it would allocate $150 million to the Coalition for Epidemic Preparedness and Innovation, $150 million to the Global Alliance for Vaccines and Immunisations, and $200 million to other health organisations and programmes.

At least 391,108 people have died globally from COVID-19 and more than 6.68 million people have been infected by the novel coronavirus that causes it, following an outbreak that started in Wuhan, China, in early December.

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