On Monday 4 May 2020, the Commission registered €7.4 billion in pledges from donors worldwide during the Coronavirus Global Response pledging event, announced in the end of April. This includes a pledge of €1.4 billion by the Commission.
European Commission President, Ursula von der Leyen, said: “We need to bring the world, its leaders and people together against coronavirus. (...) Because beating coronavirus requires a global response and sustained actions on many fronts. We need to develop a vaccine, to produce it and deploy it to every corner of the world. And we need to make it available at affordable prices.”
This significant amount nearly reaches the initial target of €7.5 billion and is a solid starting point for the worldwide pledging marathon, which began on the 4th of May and will run until the end of May 2020. The aim is to gather significant funding to ensure the collaborative development and universal deployment of diagnostics, treatments and vaccines against coronavirus.
Read more about this campaign here.