World leaders pledge $8 billion for coronavirus treatments and vaccines

World leaders pledge $8 billion for coronavirus treatments and vaccines

More than $8bn (£6.5bn) has been pledged to help develop a coronavirus vaccine and fund research into the diagnosis and treatment of the disease.

The European Commission pledged $1bn to fund research on a vaccine.

Here's what some of the leaders are promising:

Norway pledged $1 billion in contributions, Switzerland promised $381 million and the Netherlands $209.5 million.

Australia pledged $352 million Australian dollars, which is about $226 million USD.

Italy's Prime Minister Giuseppe Conte pledged $152.7 million, while South Korea announced a contribution of $50 million and Kuwait promised to donate $40 million.

South Africa said it would pledge $1.3 million and raise a further $61 million from member states of the African Union. Israel promised to invest $60 million in the effort to respond to the pandemic.

Ireland is donating almost $20 million USD. Luxembourg pledged $5.45 million, Sweden $17 million, Portugal $10.9 million, Croatia $1.09 million, Finland $39.3 million. Bulgaria and Romania pledged $109,000 and $218,000, respectively.

Serbia announced a contribution of $2.18 million, Slovenia $33.6 million, and the Czech Republic announced a joint pledge with Poland, Hungary and Slovakia of $3.27 million.

Other countries such as the UAE, Oman, Turkey, Monaco and China also promised to contribute to the efforts against Covid-19 without mentioning an amount.

Some 40 countries and donors took part in an online summit hosted by the EU.