“We further commit to provide immediate resources to the WHO’s COVID-19 Solidarity Response Fund, the Coalition for Epidemic Preparedness and Innovation (CEPI) and Gavi, the Vaccine Alliance, on a voluntary basis”
Leaders’ Statement in the Extraordinary G20 Summit, March 26, 2020
The breakout of the novel coronavirus disease—COVID-19—and the great toll taken on people and economies requires bold leadership to manage this crisis and mitigate its negative impacts. Based on the Leaders’ commitment at the G20 Extraordinary Summit of March 26, the G20 and the broader international community are committed to act decisively to address the immediate health challenges posed by the pandemic by closing the short-term health financing gap.
The Global Preparedness Monitoring Board (GPMB) estimates that a minimum of $8 billion of new funding is required immediately. This financing is critical for emergency response, diagnostic, treatment, and the development, manufacturing and deployment of necessary vaccine for COVID-19.
Recognizing the importance of global solidarity and cooperation in combatting this pandemic, the G20 Presidency calls on all countries, non-governmental organizations, philanthropies, and the private sector to take part in the global efforts to close the required financing gap in order to combat the COVID-19 pandemic.
Overview of immediate COVID-19 health financing gap
Total contributions (US$ Billion) as of 04/05/2020