Independent news has never been so important.

Did you know that you can get Democracy Now! delivered to your inbox every day? Sign up for our Daily News Digest today! Don't worry, we'll never share or sell your information.

EU, World Leaders Pledge Billions to Fund Coronavirus Vaccine; U.S. Sits Out

HeadlineMay 05, 2020

World leaders, wealthy individuals, and organizations joined an effort spearheaded by the European Union Monday to raise $8 billion for the development of a vaccine and treatments for the coronavirus. The European Union and Norway each pledged $1 billion. Canada pledged $850 million. The United States pledged nothing and refused to take part in the fundraising effort. This is European Commission President Ursula von der Leyen.

Ursula von der Leyen: “At a time when we are sitting further apart than usual, the world has shown it is standing closer together than ever before. And in the space of just a few hours, we have collectively pledged 7.4 billion euros for vaccines, diagnostics and treatments. And all this money will help kickstart unprecedented global cooperation.”

The United Nations said the success of the initiative would be measured by the equal distribution of any treatment.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation