COVID19 Response

Global COVID19 Response Gets $6.9 bn Funding As Countries Pledge To Support

According to a Reuters report, a pledging summit on Saturday raised 6.15 billion euros ($6.9 billion) to tackle COVID-19.

What is it?

The event was part of a joint initiative by the European Commission and the advocacy group Global Citizen and included a star-studded globally televised and streamed concert.

Who Pledged What?
  • Belgium – 11.5 million euros to the World Food Programme, 4 million euros to the WHO’s COVID-19 solidarity response fund
  • Canada – C$120 million for the ACT Accelerator, C$180...

https://mfame.guru/global-covid19-response-gets-6-9-bn-funding-as-countries-pledge-to-support/

China Backs $750 Million Loan Project for This Country’s COVID19 Response

According to a Reuters report, Beijing-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $750 million to help India battle the impact of the coronavirus pandemic on vulnerable households, the bank said on Wednesday.

About the Project
  • The project, co-financed by the Asian Development Bank, aims to strengthen economic aid for businesses, expand social safety nets and bolster healthcare.
  • In May, AIIB approved a $500 million loan to assist India’s emergency response to the...

https://mfame.guru/china-backs-750-million-loan-project-for-this-countrys-covid19-response/