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G20 pledges more than $21 billion to fight coronavirus

G20 pledges more than $21 billion to fight coronavirus

13 Sept 10:33 Key points summarised by AI
  • The G20 group of rich and emerging economies has pledged over $21 billion to combat the global coronavirus pandemic.
  • These funds are specifically designated to support diagnostics, vaccine development, therapeutics, and critical research and development efforts.
  • Saudi Arabia, as the current G20 chair, contributed $500 million, allocating portions to the Coalition for Epidemic Preparedness and Innovation (CEPI) and the Global Alliance for Vaccines and Immunisations (GAVI).
  • This significant commitment follows an earlier G20 call in April for over $8 billion to address the COVID-19 pandemic's financing gap.
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