Europe

Virtual summit of world leaders, celebrities raises nearly $7 billion for Covid-19

Issued on: 28/06/2020 – 12:25Modified: 28/06/2020 – 12:25

A summit that included a star-studded virtual concert hosted by Dwayne Johnson has raised nearly $7 billion in cash and loan guarantees to assist the poor around the globe whose lives have been upended by the coronavirus pandemic.

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Global Citizen said its summit with world leaders had raised $1.5 billion to help COVID-19 efforts in poor countries, along with a promise of 250 million doses of a vaccine for those nations if one is successfully developed.

The group said it had secured $5.4 billion in loans and guarantees from the European Commission and the European Investment Bank to support fragile economies worldwide.

The event included a Johnson-hosted concert with performances by Jennifer Hudson, Miley Cyrus, Coldplay and Chloe x Halle. Cyrus performed The Beatles “Help!” in an empty stadium and Hudson performed “Where Peaceful Waters Flow” from a boat in Chicago.

“The $6.9 billion that was pledged today to support the worlds poorest and most marginalized communities is an incredible next step on our journey out of the COVID-19 era, but there is more still to be done, as no one is safe until everyone is safe," Hugh Evans, CEO of Global Citizen, said after the event Saturday.

“As we fight this virus, we also need to take care of the most vulnerable people and address the challenges theyre facing right now,” Canadian Prime Minister Justin Trudeau said during the event.

>>Read: Covid-19 in Latin America: From health to hunger crisis?

Speakers also included the leaders of New Zealand, El Salvador, Sweden, South Africa and Barbados.

Organizers said the show was not just a fundraiser, but aimed to draw awareness to the disproportionate impact the coronavirus pandemic has had on marginalized communities.

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