Saudi Arabia, which is currently holding the G20 presidency, has allocated $500 million to relevant international organizations in a bid to assist the international community in combating the coronavirus pandemic,
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“The Kingdom of Saudi Arabia, as the holder of the G20 Presidency, has pledged US$500 million to relevant international organizations to support global efforts in combatting the COVID-19 pandemic. This pledge will support emergency and preparedness response, developing and deploying new diagnostics, therapeutics and vaccines, fulfilling unmet needs for international surveillance and coordination, and ensuring sufficient supplies of protective equipment for health workers,” the press release said.
In particular, Riyadh will donate $150 million to the Coalition for Epidemic Preparedness and Innovation, $150 million to The Global Alliance for Vaccines and Immunizations, and $200 million to other international and regional health organizations and programs.
“Recognizing the importance of global solidarity and cooperation in combatting this pandemic, the Kingdom has called on all countries, non-governmental organizations, philanthropies, and the private sector to take part in the global efforts to close the required financing gap in order to combat the COVID-19 pandemic, which is estimated to be over $8 billion according to the Global Preparedness Monitoring board (GPMB),” the press release read.
So far, on a global scale, the virus has infected more than two million people, and over 138,000 have died. Meanwhile, the number of recoveries has surpassed 522,000, according to John Hopkins University.
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