G20 pledges more than USD21 billion to fight coronavirus

CAIRO (CNA) – The Group of 20 (G20) rich and emerging economies has pledged more than USD21 billion to fight the coronavirus, the group said early yesterday.

“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 USD21 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 organisations, philanthropies and the private sector to help close a financing gap estimated at over USD8 billion to combat the COVID-19 pandemic.

Saudi Arabia, the current G20 chair has pledged USD500 million to support global efforts to combat the pandemic. It said then it would allocate USD150 million to the Coalition for Epidemic Preparedness and Innovation, USD150 million to the Global Alliance for Vaccines and Immunisations, and USD200 million to other health organisations and programmes.