The Kingdom of Saudi Arabia has pledged the sum of US$500m to support global efforts in the fight against the COVID-19 pandemic.
This was announced in a press statement on Thursday by the office of the President of G20, King Salman Bin Abdulaziz Al Saud.
It said, “The Kingdom of Saudi Arabia, as the holder of the G20 Presidency, has pledged
US$500 million to relevant international organizations to support global efforts in combatting the COVID-19 pandemic.
“This pledge will support emergency and preparedness response, developing and deploying new diagnostics, therapeutics and vaccines, fulfilling unmet needs for international surveillance and coordination, and ensuring sufficient supplies of protective equipment for health workers.
“This contribution by the Kingdom comes in response to the commitment made during the Extraordinary G20 Leaders’ Summit, which was called for and chaired by the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud last month.”
“Saudi Arabia will allocate US$150 million to the Coalition for Epidemic Preparedness and Innovation (CEPI), US$150 million to The Global Alliance for Vaccines and Immunizations (GAVI), and US$200 million to other international and regional health organizations and programs.
The Kingdom also called on philanthropists, non-governmental, organisations and private sector to support in raising funds to combat the COVID-19 pandemic.