Virtual global Covid summit yields $3bn in new funding

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Virtual global Covid summit yields $3bn in new funding
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US President Joe Biden warned nations attending Thursday's virtual global summit on Covid-19 that there was 'still so much left to do' to quell the pandemic.

President Cyril Ramaphosa attended a virtual global summit on Covid-19.WASHINGTON - US President Joe Biden warned nations attending Thursday's virtual global summit on Covid-19 that there was"still so much left to do" to quell the pandemic, as more than $3-billion in new funding was pledged.

In his remarks to the summit, Biden said that while progress had been made on global vaccinations and delivering medical equipment to countries in need,"there's still so much left to do. This pandemic isn't over." More than $2-billion of that total will go towards"immediate" Covid-19 response, while $962-million has been committed to a World Bank fund for pandemic preparedness and global health security.

Biden has requested another $22.5-billion in emergency Covid money, including $5-billion for the administration's signature international program, which has seen some 500 million vaccine doses shipped to more than 100 countries.

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