Coronavirus Global Response: EIB and Commission pledge additional €4.9 billion
June 30, 2020
The ‘Global Goal: Unite for our Future’ pledging summit organised by the European Commission and Global Citizen mobilised €6.15 billion in additional funding to help develop and ensure equitable access to coronavirus vaccines, tests and treatments. The money raised will also support economic recovery in the world’s most fragile regions and communities.
This amount includes a €4.9 billion pledge by the European Investment Bank, in partnership with the European Commission, and €485 million committed by EU Member States. The €4.9 billion comes on top of the €2 billion already pledged by the EIB on 4 May. It will finance economic recovery, stronger health systems and the implementation of the Sustainable Development Goals in all countries outside of the EU, as part of the EU global response to fight the pandemic (‘Team Europe’).
The Global Goal: Unite for our Future campaign was launched on 28 May under the patronage of President Ursula von der Leyen. It is a milestone under the Coronavirus Global Response, the global action for universal access to affordable coronavirus vaccination, treatment and testing.