Close Menu
  • Home
  • News
  • Politics
  • Lifestyle
  • Opinion
  • Science
  • World
  • Entertainment
  • Finance
  • Football
Facebook X (Twitter) Instagram Threads
Facebook X (Twitter) Instagram
YFON
  • Home
  • News
  • Politics
  • Lifestyle
  • Opinion
  • Science
  • World
  • Entertainment
  • Finance
  • Football
Subscribe
YFON
Home»World leaders raise $8.1 billion for coronavirus vaccine

World leaders raise $8.1 billion for coronavirus vaccine

YemieFashBy YemieFashNo CommentsMay 5, 20203 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

By Balogun Damilola

 

World leaders called Monday for cooperation not competition in the quest for a coronavirus vaccine, as they pledged 7.4 billion euros ($8.1 billion) at a fundraising telethon snubbed by the United States.

COVID-19 has killed nearly a quarter of a million people around the world — 140,000 of them in Europe — and Ursula von der Leyen, head of the European Commission and the host of the videoconference, said a vaccine is the best chance of beating the disease.

World Health Organization chief Tedros Adhanom Ghebreyesus hailed the fundraising as a powerful show of “global solidarity”.

Major European powers, along with Japan and Canada, made the biggest pledges from around 40 countries, but there was no official US representation, weakening the event and raising the prospect of an uncoordinated competition to develop and produce a vaccine.

Some wealthy American individuals did take part, and pop star Madonna’s million-dollar contribution was feted by EU officials.

The conference narrowly missed its target of 7.5 billion euros — although a handful of contributors did not put a sum on their pledges — but UN chief Antonio Guterres warned much more would be needed, putting the final sum required near 38 billion euros.

“These funds are a kind of down payment for the development of new tools at the speed needed,” Guterres told the conference. “But to reach everyone everywhere we likely need five times that amount.”

In total around 40 countries, along with UN and philanthropic bodies — including the Bill and Melinda Gates Foundation — and research institutes made donations.

But the initiative was undermined by the absence of the United States, with President Donald Trump in open warfare with the WHO over its handling of the pandemic.

While putting an upbeat gloss on the event in public, privately EU officials were disappointed the US did not take part.

“The EU responded favourably to a call for global action, the US refused. They are the ones who are isolating themselves,” one official said.

“We’re only at the start of the process. We hope the American government will join the common effort.”

A spokesperson for the US mission to the United Nations in Geneva said Washington “welcomes efforts by other countries to mobilise resources to mitigate and ultimately end the COVID-19 pandemic.”

But other leaders are concerned that Trump’s “America First” approach will lead to a counterproductive trans-Atlantic race to find a vaccine, and called instead for a collaborative approach.

British Prime Minister Boris Johnson told the conference that the world “must work together to build an impregnable shield around all our people”.

“The race to discover the vaccine to defeat this virus is not a competition between countries, but the most urgent shared endeavour of our lifetimes.”

Johnson’s Japanese counterpart Shinzo Abe echoed his call, urging the international community to “unite to overcome the crisis”.

French President Emmanuel Macron said it was vital that once developed, the vaccine be treated as “global public property” with access available for “the whole of the planet”.

DON'T MISS ANY NEWS

Input your email to stay updated with the latest news, updates, and get news as it unfolds across the globe.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

DON'T MISS ANY NEWS

Input your email to stay updated with the latest news, updates, and get news as it unfolds across the globe.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleYar’Adua was a President like no other, says Jonathan
Next Article Senate introduces Infectious Disease Control Bill
Leave A Reply Cancel Reply

Sports
Sports

BREAKING: Chelsea appoint Rosenior as new head coach

By AdeboyeJanuary 6, 20260

BREAKING: Eagles name 23-man squad for must-win world cup qualifiers

October 3, 2025

JUST IN: Osimhen rejects €75m Saudi Arabia’s Al Hilal move

June 8, 2025

Osimhen dances to Yinka Ayefele’s classic amidst family dispute

May 21, 2025

Awoniyi finally out of coma after abdominal surgery

May 15, 2025
Entertainment
Entertainment

JUST IN: ‘This year will not see my end’ — Allwell Ademola’s final post goes viral after death [Video]

By AdeboyeDecember 27, 20250

Iyabo Ojo becomes president of single mothers association

December 21, 2025

Alcohol consumption not sin – Popular gospel singer, Gaise Baba

August 26, 2025

Geh Geh University’: Tiktoker rakes in $30,000 from viral live session

August 22, 2025

Elderly man sparks online buzz after claiming to be Wizkid’s biological father

June 2, 2025
Finance
Finance

Naira gains ground as CBN intervenes, FPI inflows increase

By AdeboyeJune 23, 20250

Naira weakens further to N1,610/$ in parallel market

May 8, 2025
Instagram Facebook X (Twitter) TikTok
  • Opinion
  • Health
  • Sports
  • Finance
© 2026 YemieFash Online News Platform. A subsidiary of YemieFash Media. Powered by Hexemty Technologies

Type above and press Enter to search. Press Esc to cancel.