{"id":150380,"date":"2020-06-29T07:37:58","date_gmt":"2020-06-29T07:37:58","guid":{"rendered":"https:\/\/www.bnreport.com\/von-der-leyen-announces-e4-9b-in-new-eu-pledges-at-coronavirus-fundraiser\/"},"modified":"2020-06-29T07:37:58","modified_gmt":"2020-06-29T07:37:58","slug":"von-der-leyen-announces-e4-9b-in-new-eu-pledges-at-coronavirus-fundraiser","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/von-der-leyen-announces-e4-9b-in-new-eu-pledges-at-coronavirus-fundraiser\/","title":{"rendered":"Von der Leyen announces \u20ac4.9B in new EU pledges at coronavirus fundraiser"},"content":{"rendered":"

The European Union has pledged an additional \u20ac4.9 billion to make coronavirus vaccines, testing and treatments available worldwide, Commission President Ursula von der Leyen said<\/a> during a virtual fundraising event today.<\/p>\n

The pledging conference, which was organized by the Commission and international advocacy group Global Citizen, is set to culminate in a concert featuring Shakira, Usher, Miley Cyrus and others later on Saturday evening. Von der Leyen will co-host<\/a> the event with wrestler-turned-action-movie-star Dwayne \u201cthe Rock\u201d Johnson.<\/p>\n

A previous EU-led global fundraising drive has to date collected<\/a> \u20ac9.8 billion in pledges \u2014 the EU in May pledged \u20ac1.4 billion \u2014 although there were questions<\/a> over how much of these commitments represented new resources.<\/p>\n

Von der Leyen said the \u20ac4.9 billion were a commitment of \u201cTeam Europe \u2026 This is thanks to the close partnership between the European Commission and the European Investment Bank.\u201d She added that the money would be used to help \u201cvulnerable countries\u201d through the coronavirus crisis.<\/p>\n

Several heads of government sent in video messages that were aired during the fundraiser.<\/p>\n

Belgiums Prime Minister Sophie Wilm\u00e8s, for example, said the main focus of her countrys pledge would be on the food crisis triggered by the pandemic. She promised \u201c\u20ac4 million to reinforce health systems in vulnerable countries\u201d and an additional \u20ac11.4 million for the World Food Program.<\/p>\n

EU member countries pledged<\/a> a total of \u20ac485 million in addition to the \u20ac4.9 billion committed by the European Investment Bank in partnership with the Commission. Overall, the pledging summit has \u201cmobilised \u20ac6.15 billion in additional funding,\u201d according to the Commission.<\/p>\n

German Chancellor Angela Merkel said that much had already been achieved, but global efforts needed to be stepped up. She added that her country would therefore makRead More \u2013 Source<\/a>
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The European Union has pledged an additiona..<\/p>\n","protected":false},"author":1,"featured_media":150381,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-150380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health"],"yoast_head":"\nVon der Leyen announces \u20ac4.9B in new EU pledges at coronavirus fundraiser - Business News Report<\/title>\n<meta name=\"description\" content=\"The European Union has pledged an additiona..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/von-der-leyen-announces-e4-9b-in-new-eu-pledges-at-coronavirus-fundraiser\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Von der Leyen announces \u20ac4.9B in new EU pledges at coronavirus fundraiser - 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