Global leaders pledge to contribute $4 billion for COVID-19 vaccine

Global leaders pledge to contribute $4 billion for COVID-19 vaccine

President of Indonesia Joko Widodo (center) in the company of Finance Minister Sri Mulyani Indrawati (right) at the Bogor Presidential Palace for the G20 extraordinary online meeting on Thursday (March 26, 2020). The meeting, initiated by Saudi Arabia discussed global response to the coronavirus crisis. ANTARA PHOTO/HO/Press Bureau of the Presidential Secretariat/Muchlis Jr/pras/gtm

Jakarta (ANTARA) - World leaders committed to contributing at least US$4 billion to expedite COVID-19 vaccine and anti-virus developments, Finance Minister Sri Mulyani stated after accompanying President Joko Widodo during the G20 extraordinary videoconference meeting, late March 26.

"The leaders of G20 member states will collaborate with UN's World Health Organization (WHO) and GAVI (Global Alliance for Vaccines and Immunizations) as well as other countries," she stated during an online press conference at the Bogor Presidential Palace, West Java.

Of the total US$4 billion, most will be allocated for funding research and developments.

"During a meeting (the G20 Sherpa extraordinary meeting) held a day before (the G20 extraordinary meeting), finance ministers of member states said US$4 billion will be collected from countries worldwide for the development of the COVID-19 vaccine. The ministers are currently discussing the details," Sri Mulyani expounded.

During the two meetings, the Indonesian government put forth five suggestions to world leaders to contain the spread of the novel coronavirus disease, or COVID-19.

Some of suggestions comprise a call to intensify protection of vulnerable groups, including the elderly, small and medium enterprises, and low-wage workers; ensure the safety of health workers serving at clinics and hospitals; facilitate the trade of vaccines as well as other medical equipment by easing tariffs on their import and export.

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