165 VIPs urge 20 economic powers for billions for COVID-19

UNITED NATIONS (AP) — Many former global leaders and other VIPs urged the world’s 20 major industrialized nations to approve $8 billion in emergency funding to speed the search for a vaccine, cure and treatment for COVID-19 and prevent a second wave of the coronavirus pandemic.

In an open letter to governments of the Group of 20 nations, the leaders, ministers, top executives and scientists also called for $35 billion to support countries with weaker health systems and especially vulnerable populations, and at least $150 billion for developing countries to fight the medical and economic crisis.

And they urged the international community to waive this year’s debt repayments from poorer countries, including $44 billion due from Africa.

The letter released Monday night urged coordinated action — “within the next few days — to address our deepening global health and economic crises from COVID-19.”

The communique from the G20 leaders’ summit on March 26 recognized the gravity and urgency of the crisis, the signatories said, but “we now require urgent specific measures that can be agreed on with speed and at scale.”

The letter noted the problems were inter-connected. “The economic emergency will not be resolved until the health emergency is effectively addressed: the health emergency will not end simply by conquering the disease in one country alone, but by ensuring recovery from COVID-19 in all countries.”

The group called for a global pledging conference, coordinated by a G20 task force, to commit resources to meet emergency needs.

“All health systems — even the most sophisticated and best funded — are buckling under the pressures of the virus," it said.

“Yet if we do nothing as the disease spreads in poorer African, Asian, and Latin...