The UN will create a Fund to support poor countries in the fight against COVID-19

The UN is creating a Trust Fund to help middle-and low-income countries fight coronavirus and overcome the consequences of the COVID-19 crisis, said the organization’s Secretary-General, Antonio Guterres, presenting his report.

The paper focuses on the global response to the socio-economic consequences of the COVID-19 pandemic.

“The UN is creating a new multilateral response and recovery Trust Fund (from the consequences) COVID-19 to help low-and middle – income countries act in response to an emergency, to help them recover from socio-economic shock,” Guterres said during a video presentation.

Also, its report says that on March 13, WHO, together with the United Nations Foundation and the Swiss charity Foundation, established the first of its kind coronavirus response Fund. This Fund allows individuals, corporations, and institutions anywhere in the world to come together to participate in the global effort to combat coronavirus and its consequences. “The funds raised will help the healthcare professionals working at the cutting edge, to do the work, treat patients and conduct preliminary research in the field of treatment and vaccines. To date, more than 200,000 individuals and organizations have contributed to this Fund, raising more than $ 95 million,” the report notes.

The UN encourages corporations and business representatives to provide financial and technical support to governments by investing in this Fund.

Earlier, Guterres also announced the launch of a $ 2 billion global humanitarian response plan to Fund the fight against COVID-19 in the world’s poorest countries. As part of the humanitarian response plan, necessary laboratory equipment for testing for the virus and medicines for treating people will be delivered to vulnerable countries. Besides, hand-washing stations will be installed in camps and settlements. It is planned to launch information campaigns to explain how to protect yourself and others from the virus. The plan calls for hubs across Africa, Asia, and Latin America to move humanitarian workers and supplies to where they are most needed.

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