COVID-19: Global Fundraising Meeting Raised $6.9 Billion

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A global fundraising meeting on Saturday raised 6.15 billion euros ($6.9 billion) from the United States, the European Commission and numerous countries to fight COVID-19, with many participants stressing that an eventual vaccine should be available to anyone who needs it.

The pledging summit, part of a joint initiative by the EU executive and advocacy group Global Citizen, also included a globally televised and streamed fundraising concert featuring Miley Cyrus, Justin Bieber, Shakira, Chloe X Halle, Usher and others.

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The Commission together with the European Investment Bank pledged 4.9 billion euros ($5.50 billion), the United States $545 million, Germany 383 million euros, Canada C$300 million ($219 million)and Qatar $10 million. Forty governments took part in the summit.

The money will be used for COVID-19 tests, treatments and vaccines, and also to support the world’s poorest and most marginalized communities.

Commission President Ursula von der Leyen said it was crucial that everyone who needed it should have access to a vaccine.

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