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G20 pledges more than $21 billion to fight coronavirus

Saturday, June 06, 2020, 12:46 GMT+7
G20 pledges more than $21 billion to fight coronavirus
Saudi Arabia's central bank governor Ahmed al-Kholifey speaks at the meeting of G20 finance ministers and central bank governors in Riyadh, Saudi Arabia, February 22, 2020. Photo: Reuters

CAIRO — The Group of 20 rich and emerging economies has pledged more than $21 billion to fight the coronavirus, 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 US$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, the statement added.

In April the group called on all countries, non-governmental organizations, philanthropies and the private sector to help close a financing gap estimated at over $8 billion to combat the COVID-19 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 organizations and programs. 

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.

Reuters

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