Global COVID-19 Fundraising Meeting Raises $6.9 Bn
A pledging summit organised by the European Commission on Saturday raised 6.15 billion euros (6.9 billion dollars) to tackle COVID-19.
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.
The amount, which will go towards developing treatments and vaccines for the COVID-19 lung disease, was announced by EU Commission President Ursula von der Leyen at the end of an online conference.
United States pledged 545 million dollars for COVID-19 relief while Belgium pledged 11.5 million euros to the World Food Programme and four million euros to the WHO’s COVID-19 solidarity response fund.
Canada pledged 120 million Canadian dollars for the ACT Accelerator and 180 million Canadian dollars for COVID-19 humanitarian and development aid.
European Commission jointly with European Investment Bank pledged 4.9 billion euros to help countries recover from the pandemic while Luxembourg pledged 800,000 euros to the COVID-19 Therapeutics Accelerator.
Edited By: Isaac Aregbesola (NAN)