BR100 Decreased By (-0%)
BR30 Increased By (0.56%)
KSE100 Increased By (0.32%)
KSE30 Increased By (0.43%)
AGHA 6.43 Increased By ▲ 0.11 (1.74%)
BECO 4.36 Increased By ▲ 0.09 (2.11%)
BML 62.59 Increased By ▲ 0.14 (0.22%)
BOP 31.43 Increased By ▲ 0.20 (0.64%)
CNERGY 11.68 Increased By ▲ 0.09 (0.78%)
CSIL 5.86 Increased By ▲ 0.14 (2.45%)
FCCL 60.79 Decreased By ▼ -0.75 (-1.22%)
FFL 14.75 Decreased By ▼ -0.27 (-1.8%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.89 Increased By ▲ 0.33 (5.94%)
LOTCHEM 24.70 Increased By ▲ 0.02 (0.08%)
MLCF 103.03 Decreased By ▼ -1.05 (-1.01%)
NBP 173.00 Decreased By ▼ -2.28 (-1.3%)
NCPL 52.10 Decreased By ▼ -0.67 (-1.27%)
NPL 53.90 Decreased By ▼ -0.22 (-0.41%)
OGDC 316.69 Increased By ▲ 3.30 (1.05%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.75 Decreased By ▼ -0.05 (-0.14%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.70 Increased By ▲ 4.89 (2.2%)
PRL 80.60 Increased By ▲ 1.52 (1.92%)
PTC 46.60 Decreased By ▼ -0.25 (-0.53%)
SSGC 23.77 Decreased By ▼ -0.10 (-0.42%)
TBL 9.28 Decreased By ▼ -0.03 (-0.32%)
TELE 7.57 Increased By ▲ 0.18 (2.44%)
TPL 24.70 Decreased By ▼ -0.41 (-1.63%)
TPLP 12.85 Increased By ▲ 0.34 (2.72%)
TREET 25.91 Decreased By ▼ -0.34 (-1.3%)
TRG 53.34 Decreased By ▼ -0.10 (-0.19%)
World Print edition: 2020-04-08

EU announces 15 billion euros to fight virus worldwide

The European Union is to put up 15 billion euros ($16.4 billion) to help poor countries fight the coronavirus epidemic, the bloc's chief announced on Tuesday.
Published Updated

The European Union is to put up 15 billion euros ($16.4 billion) to help poor countries fight the coronavirus epidemic, the bloc's chief announced on Tuesday.
European Commission head Ursula von der Leyen said the money would help countries with weak healthcare systems tackle the impact of COVID-19 and also aid their long-term economic recovery.
Beating the pandemic in Europe alone is not enough, officials say, pointing out that if coronavirus continues to rage elsewhere in the world, it will simply return in time.
"We will only win this battle with a coordinated global response," von der Leyen said in a video posted on Twitter.
"This is why the European Union is securing more than 15 billion euros to help our partners worldwide to fight coronavirus."
The brief video did not give details of where the money would come from nor which countries would benefit.
But officials have previously identified Africa as a concern because of its links to Europe and the poor state of healthcare in many of its countries.
A senior EU official last week warned it would be "completely useless" to defeat coronavirus in Europe if it simply re-emerged from nearby countries struggling to contain it.
"Africa could experience the same problems that we are facing in Europe in a matter of weeks," von der Leyen said in her video on Tuesday.
"They need our help to slow down the spread of the virus as we needed help in this crisis."
Europe has been the epicentre of the virus in recent weeks but last week the EU's diplomatic chief Josep Borrell warned the virus could "get out of control very rapidly" in Africa.
EU development ministers will meet by video call on Wednesday to discuss details of financial help for vulnerable countries.

Copyright Agence France-Presse, 2020

Comments

Comments are closed for this article.