$6.9 Billion US Pledged for COVID-19 Response
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- Published on Monday, 29 June 2020 10:06
- Written by editor
Global Goal: Unite for Our Future
What You Helped Accomplish
Photo credit: World Bank / Henitsoa Rafalia
Hi Paov,
Over the weekend, millions of Global Citizens around the world tuned in to Global Goal: Unite for Our Future. Airing in more than 180 countries and streaming globally across YouTube, Facebook, and Twitter, this special event featured unforgettable performances and messages from artists, as well as commitments to support an equitable COVID-19 response.
This campaign was a collective effort of Global Citizens like you, together with government and corporate leaders, artists, and philanthropists to inspire and make commitments for healthier and stronger communities. From Canada alone, we saw pledges of $120 million for the ACT Accelerator and $180 million for COVID-19 humanitarian and development aid — and Canada could still give more!
Globally, we helped mobilize US $6.9 billion for COVID-19 relief, supporting some of the world’s most marginalized communities.
The pledged funds will in part help ensure that the vaccines and treatments developed to fight COVID-19 will be accessible to everyone, everywhere. This is how the funds will be used:
- US $1.3 billion to address COVID-19’s impact on global health, including at least $389 million in support for the Access to COVID-19 Tools (ACT) Accelerator, the world’s plan for developing and equitably allocating tests, treatments, and vaccines to the people who need them.
- US $236 million to address the broader effect of the pandemic on the world's most marginalized and disadvantaged communities.
- More than 250 million vaccine doses earmarked for the world's poorest countries once a vaccine is developed.
- US $5.4 billion in financing, loans, and guarantees to mitigate the pandemic’s impact on the most fragile economies.
To learn more about our collective impact, you can read the full report here. We could not have done this without the support of Global Citizens. We cannot thank you enough for your commitment to helping the world’s most vulnerable people.
Michael Sheldrick,
Chief Policy and Government Affairs Officer
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