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G20 pledges over $21 billion to Battle coronavirus

The group of 20 rich and emerging markets has pledged over $21 billion to combat the coronavirus, ” the team said on Saturday.

“The G20, together with encouraging states, has coordinated the worldwide efforts to encourage the struggle against the COVID-19 pandemic. Thus far, G20 members and encouraged countries have vowed over US$21 billion to encourage financing in global health,” the team said in a statement.

The pledges will be led at diagnostics, vaccines, therapeutics, and development and research, the announcement added.

In April the team called on all nations, non-governmental organizations, philanthropies and the private industry to help close a funding gap estimated at more than $8 billion to fight the Covid-19 pandemic.

Saudi Arabia, the present G20 seat has pledged $500 million to support international efforts to fight the pandemic.

At least 391,108 individuals have died internationally from COVID-19 and over 6.68 million people are infected from the novel coronavirus that causes it, after an outbreak which began in Wuhan, China, in early December.