Coronavirus Global Response pledging event: Germany pledges €525 million in the fight against COVID-19

The European Union and its partners hosted an international pledging marathon on Monday 4 May 2020  to gather significant funding to ensure the collaborative development and universal deployment of diagnostics, treatments and vaccines against coronavirus.

The Commission registered €7.4 billion, equivalent to $8 billion, in pledges from donors worldwide during the Coronavirus Global Response pledging event. This includes a pledge of €1.4 billion by the Commission.

The pledging event was co-convened by the European Union, Canada, France, Germany, Italy (also incoming G20 presidency), Japan, the Kingdom of Saudi Arabia (also holding the G20 presidency), Norway, Spain and the United Kingdom.

Among the larger contributions, the European Commission has pledged €1 billion in grants and €400 million in guarantees on loans. Japan pledged more than €730 million while Germany offered €525 million. The UK pledged £388 million (€441 million). Italy and Spain, perhaps the hardest hit by the virus in Europe, each said they would provide more than €100 million.

In her video address, German Chancellor, Angela Merkel said that the pandemic was a global challenge, and hence one that could only be overcome globally. She highlighted the need to traverse new paths, not only in the development of a vaccine against the coronavirus but also in making the vaccine available to the global population, in order to achieve the common goal of good health for all. In addition to monetary contribution, she also pledged to increase Germany’s humanitarian relief in light of the damaging effects of the pandemic worldwide. She ended her short address with a promise of active engagement by Germany in efforts to combat the situation.

Watch the complete pledging event below. 

(Angela Merkel’s address runs in German language, from 29:46 to 32:35)

Source: European Commission (YouTube)

 

Source

Find the original press release from the European Commission here.