G-20 pledges more than $21 billion to fight coronavirus

G-20 pledges more than $21 billion to fight coronavirus

The Group of 20 rich and emerging economies has pledged more than $21 billion to fight the coronavirus, the group said early Saturday.

“The G-20, with invited countries, has coordinated the global efforts to support the fight against the COVID-19 pandemic. To date, G-20 members and invited countries have pledged over US$21 billion to support funding in global health,” the group said in a statement.

The pledges will be directed toward diagnostics, vaccines, therapeutics, and research and development, the statement added.

More than 394,787 people have died globally from COVID-19 and more than 6.7 million people have been infected by the novel coronavirus.

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