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40 governments pledge €15.9 billion for coronavirus fund

Christian Fernsby ▼ | June 27, 2020
The ‘Global Goal: Unite for our Future'pledging summit organised by the European Commission and Global Citizen mobilised €6.15 billion in additional funding to help develop and ensure equitable access to coronavirus vaccines, tests and treatments.
European investment bank
Unite   European investment bank
The money raised will also support economic recovery in the world's most fragile regions and communities.

This amount includes a €4.9 billion pledge by the European Investment Bank, in partnership with the European Commission, and €485 million committed by EU Member States.

This brings total pledges under the Coronavirus Global Response pledging marathon to €15.9 billion.

40 governments took part in the summit and committed to ensuring universal access to coronavirus medicines.

They also vowed to help rebuild communities that have been hit hard by the pandemic, in a fair and just way.

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 €4.9 billion comes on top of the €2 billion already pledged by the EIB.

Out of the €15.9 billion raised since 4 May, €11.9 billion was pledged by the Member States, the Commission and the European Investment Bank. Out of these €11.9 billion, €6.5 billion was raised between 4 May and 28 May.