UN launches 6.7 billion USD for vulnerable countries

The United Nations and its partner agencies have launched 6.7 billion USD global appeal in order to fight against COVID-19.

Highlights

Initially, the organization had pledged to provide 2 billion USD to vulnerable countries to fight against COVID-19. However, it has now increased the amount to 6.7 billion USD. The plan under which this is to be done is called the “Global Humanitarian Response Plan”.

According to the United Nations, the virus has affected every country in the world. Among them, the most affected will be the poorest countries. The virus will have most destabilizing and devastating effects on the poorest countries. Therefore, it is important to focus on these countries with the funds raised.

The funds raised so far is from countries such as Britain, Germany, European Commission, Japan, Persian Gulf countries and Canada.

Significance

The United Nations has identified evidences of incomes dropping, food supplies falling, jobs disappearing, prices roaring and most importantly children missing meals and vaccination.

According to the World Food Programme, around 26.5 crore people are to face famine by the end of the year. Therefore, it is important to increase funds to jeep the food chains running.

Countries Covered

The world organization had already covered 54 countries. Additional 9 countries have been added. This includes Liberia, Djibouti, Pakistan, Mozambique, Sierra Leone, Philippines, Zimbabwe and Togo.

Month: Current Affairs - May, 2020