G20, led by Saudi Arabia contributed more than $21 billion to fight COVID-19

The contribution will be utilized towards diagnostics, vaccines, therapeutics, and research.

By Backend Office, Desk Reporter
    Representational Image

    G20, an international forum for the governments and central bank governors which houses 20 of the world’s richest and rising economies, has contributed more than $21 billion to support the fight against novel coronavirus

    “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”
    – G20 Statement

    The contributions will be utilized towards diagnostics, vaccines, therapeutics, and research and development.

    The group has earlier in April urged all countries, non-governmental organizations, philanthropies and the private sector to support meeting the monetary requirement to combat the COVID-19 pandemic which had an estimated financing gap of $8 billion.

    Saudi Arabia, the current G20 host has already committed $500 million to assist worldwide attempts to fight the pandemic. It is expected to further allot $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.

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