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World leaders pledge billions for coronavirus vaccine

May 4, 2020

A European Commission iniative has raised billions to develop a vaccine and treatments for the virus. Leaders said that any potential vaccine should be "available, accessible and affordable to all."

A montage image, first released by the CDC, showing a globe decorated so that it resembles a coronavirus particle, with a syringe penetrating it.
Image: picture-alliance/dpa/Geisler-Fotopress

World leaders pledged €7.4 billion ($8.07 billion) in a digital fundraiser held to raise money for developing a coronavirus vaccine and treatments, almost reaching the €7.5 billion goal.

The fundraiser was hosted by the European Commission (EC) and co-chaired by several countries including Germany, Norway, France, Britain, Italy, Japan and Saudi Arabia, which currently holds the G20 chair.

China — the country where the coronavirus outbreak initiated — attended the online gathering, via its ambassador to the EU, while the US did not send any representative.

Read more: EU's Ursula von der Leyen wants billions for COVID-19 vaccine, meds

Some of the key donations:

  • The EC opened the event by promising €1 billion
  • French President Emmanuel Macron pledged €500 million
  • German Chancellor Angela Merkel promised €525 million
  • The United Kingdom pledged €441.5 million.
  • Norway said it would provide $1 billion, earmarked to the Global Alliance for Vaccines and Immunizations (GAVI)
  • Hard-hit Italy said it would donate more than €100 million
  • Spanish Prime Minister Pedro Sanchez pledged €125 million, with €50 million going GAVI and €75 million to the Coalition for Epidemic Preparedness Innovations
  • Switzerland pledged €378 million
  • The Netherlands promised €192 million

Much more' needed

EC President Ursula von der Leyen said that pooling the resources from governments and philanthropists from across the globe would not only help develop a vaccine and treatments, but also ensure that these are universally available at affordable prices. 

Von der Leyen said it "will help kick-start unprecedented global cooperation," but that "much more" would be needed in the coming months.

"Today's sprint was a great start for our marathon," she said following the three-hour pledging session, calling commission's €1 billion contribution a "team effort," implying that it includes contributions from EU member states.

WHO Director-General Tedros Adhanom Ghebreyesus praised the fundraiser in a virtual briefing in Geneva. He expressed his gratitude via Twitter to every country who donated.

"This was a powerful and inspiring demonstration of global solidarity," the WHO chief said. "This virus will be with us for a long time and we must come together to develop and share the tools to defeat it," he added.

US absence

The US did not provide an official explanation for why it skipped the EU-led fundraiser, but a senior official from Donald Trump's administration said the US was already a "global leader in COVID-19 foreign assistance," adding that the White House welcomed the EUs efforts to secure funding.

"Many of the organizations and programs this pledging conference seeks to support already receive very significant funding and support from the US government and private sector," the US official said on condition of anonymity.

Trump has clashed with the WHO in recent weeks, vowing to freeze funding for organization, to which the US gives more than $400 million a year. He has accused the WHO of acting too slowly and not challenging China on its responsibility for the spread of the pandemic.

Privately, EU officials are said to have been disappointed about the US absence. "The EU responded favorably to a call for global action, the US refused. They are the ones who are isolating themselves," one EU official told AFP.

"We're only at the start of the process. We hope the American government will join the common effort," the official added.

Ahead of the event, Norwegian Prime Minister Erna Solberg had expressed regret that the US had chosen to sit out the conference.

Von der Leyen on a corona vaccine

US and Germany differ on timeline

In the background, the US announced a vaccine project of its own, called "Operation Warp Speed," which aims to speed up vaccine development by several months and have 300 million doses available by January. 

Previously, the US approved the emergency use of the anti-viral drug Remdesivir, which has shown some initial promise as a treatment against the effects of the COVID-19 disease.

German Health Minister Jens Spahn challenged these claims on Sunday, saying that it could take years to develop a vaccine.

Spahn told ARD broadcaster that although there have been a number of promising developments, the production of a safe and effective vaccine remains one of "the most challenging" tasks in medicine.

Germany also began its own human trials on a product last Wednesday, with a small group of 12 participants.

"I would be happy if it succeeded in a few months," he said, while cautioning people not to become too optimistic. "It could also take years because of course there can also be setbacks, as we have seen with other vaccines."

Spahn's cautious line contrasted with that of US President Donald Trump on Sunday, who said in an interview with broadcaster Fox News that he was being more optimistic than some of his advisers, adding that "we think we are going to have a vaccine by the end of this year."

The United Kingdom has also started phase human trials for a vaccine last month, through the University of Oxford's Jenner Institute. 

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jcg,kp,lc/aw (AFP, dpa, Reuters, epd)