Global Citizen Mobilizes Over $1.5B in Cash Grants and $5.4B in Loans and Guarantees for a Total of $6.9B Pledged for COVID-19 Relief

JUNE 27, 2020

Global Goal: Unite for Our Future mobilized more than $1.5 billion in new grants and $5.4 billion in loans and guarantees, for a total of $6.9 billion pledged to provide equitable access to COVID-19 tests, treatments, and vaccines, as well as support for the world’s poorest and most marginalized communities.

The campaign was launched in response to the COVID-19 pandemic and aims to get the world back on track to meet the United Nations’ Sustainable Development Goals (SDGs).

The monumental commitments secured through the Global Citizen campaign include:  

  • $1.3 billion to address the health-related impact of the COVID-19 pandemic globally, including at least $389 million in support for the ACT Accelerator.
  • $236 million to address the broader effects of the pandemic on the world’s most marginalized and disadvantaged communities.
  • $5.4 billion [€4.9 billion] in loans and guarantees, made available by the European Commission and the European Investment Bank, to support the world’s most fragile economies in recovering from COVID-19 and achieving the SDGs
  • More than 250 million vaccine doses for the world’s poorest countries.
  • Financial and political support from 41 government leaders — including all G7 member states, Economic Community of West African States (ECOWAS), the European Union (EU), the United Nations, and the African Union — to the ACT Accelerator; the equitable allocation of tests, treatments, and vaccines; and the global mechanism for a coordinated procurement of vaccines and universal access to affordable vaccination.

The COVID-19 pandemic is an enormous global crisis, with unprecedented health and economic impacts. This virus knows no borders, and the full impact on the world’s underserved communities and vulnerable populations is still yet to be known. 

The Global Goal: Unite for Our Futurecampaign was a collective effort led by Global Citizens, the European Commission, world leaders, artists, corporate leaders, and philanthropists to inspire and make commitments for better health and stronger economies. 

Combining policy and entertainment, the summit and concert aired in more than 180 countries, and streamed globally across Youtube, Facebook, and Twitter. 

Commitment and announcements were made by governments: Bangladesh, Barbados, Belgium, Canada, Denmark, ECOWAS, European Union, El Salvador, Finland, France, Germany, Greece, Iceland, India, Israel, Italy, Japan, the Republic of Korea, Kuwait, Lithuania, Luxembourg, Malta, Mexico, Netherlands, New Zealand, Nigeria, Norway, Russian Federation, Saint Vincent and Grenadines, Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, the State of Qatar,  the United Arab Emirates, the United Kingdom, and the United States.

Commitments and announcements were also made by our corporate and philanthropic partners: Andrew and Nicola Forrest’s Minderoo Foundation, Citi, Colgate Palmolive, FIFA Foundation, Google, IHS Markit, Johnson & Johnson, Procter & Gamble, Reckitt Benckiser, Rockefeller Foundation, SAP, Serum Institute of India, Takeda, Verizon, Vodafone, and the Wallace Global Fund.

http://www.globalcitizen.org


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