The European Union and its partners are hosting an international pledging conference starting on Monday 4 May 2020 where we aim to raise €7.5 billion in initial funding to kick-start the global cooperation.
The conference highlighted the requirement of global responsibility for the global coronavirus pandemic.
The need to develop and deploy effective diagnostics, treatments, and a vaccine against COVID-19 pandemic was stressed.
Countries and organizations around the world ensured the development of the life-saving vaccine.
Several world leaders and organizations pledged $8 billion (around Rs.60,000 crore) to manufacture a vaccine to combat COVID-19, the diseases caused by the novel coronavirus. The fund will be used to fund laboratories across the world that have promising leads to research and develop a vaccine.
Romania contributed $200,000, Canada contributed $850 million. Other top donors were Japan, the United Kingdom (UK), Germany, France, and Saudi Arabia.
