G20 pledges more than $21b to fight coronavirus

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CAIRO: The Group of 20 rich and emerging economies Saturday pledged over $21 billion to fight the coronavirus. The group in a statement said, “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.” The pledges will be directed towards diagnostics, vaccines, therapeutics, and research and development, the statement added. Saudi Arabia, the current G20 chair has pledged $500 million to support global efforts to combat the pandemic. DNA