Global Solidarity Against COVID-19: World Leaders Raise €6.15b To Finance 40 Countries

 By Abimbola Ogunnaike

World leaders on Saturday came together to raise funding to develop COVID-19 vaccines, tests and treatments, and make them accessible and affordable everywhere in the world.

The ‘Global Goal: Unite for our Future’ Summit, co-hosted by President von der Leyen, raised €6.15 billion in financing from 40 countries, including a new pledge of €4.9 billion by the European Investment Bank (EIB) and the European Commission (EC).

According to a statement on the official website of European Union (EU) on Monday, the money raised will also support economic recovery in the world’s most fragile regions and communities.

“As a landmark of global solidarity, the summit resulted in commitments for the production capacity of over 250 million vaccine doses for middle- and lower-income countries,” the statement said.

The statement added that these new pledges bring the total funding raised under the Coronavirus Global Response, the worldwide pledging marathon launched by President von der Leyen, to almost €16 billion.

A concert followed the summit, where artists such as Coldplay, Usher, Miley Cyrus and Chris Rock expressed their commitment to a coronavirus-free future for all.

editor

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