EU and International Community Donate Additional 8.3 Trillion Won for COVID-19 Treatment and Vaccine Development

Cumulative Donations Reach 15.9 Billion Euros
Merkel, Macron Promise Support
Support for Vaccine and Treatment Development and Distribution
Pop Star Online Performance After Video Conference

[Asia Economy Reporter Naju-seok] An additional 6.15 billion euros (approximately 8.3 trillion KRW) have been raised internationally for the development and distribution of vaccines and treatments for the novel coronavirus infection (COVID-19).

On the 27th (local time), the European Union (EU) Executive Commission, the EU's executive branch, announced the amount of additional fundraising at a virtual "Pledge Summit" held in cooperation with the non-governmental organization (NGO) "Global Citizen" for the international response to COVID-19. The amount announced by the EU Executive Commission included 4.9 billion euros (approximately 6.6 trillion KRW) pledged by the European Investment Bank (EIB).

Partial capture video of the Unite for Our Future performance

With the continuation of additional funding pledges this time, the total pledged amount for vaccine and treatment development and distribution has reached 15.9 billion euros.

The meeting was attended by German Chancellor Angela Merkel, French President Emmanuel Macron, and leaders from various countries. The EU Executive Commission stated that 40 countries participated in this event, with many announcing support for organizations such as the World Health Organization (WHO).

After the virtual meeting, an event called Unite for Our Future was held, hosted by action star Dwayne Johnson, featuring performances by Miley Cyrus, Justin Bieber, Shakira, Jennifer Hudson, Coldplay, Usher, and others. The performance can be viewed on YouTube and other platforms.

This content was produced with the assistance of AI translation services.