EU Support Package for Partner Countries in Global Fight against COVID-19 Will Amount €20 billion

The EU will allocate more than 20 billion euros to support countries in the fight against coronavirus. The money will go to humanitarian assistance, strengthening health systems and mitigating economic consequences. The European Union will allocate a total of more than 20 billion euros to help partner countries combat the SARS-CoV-2 coronavirus pandemic. The EU High Representative for Foreign Affairs and Security, Josep Borrell, said this after a video conference with European development ministers on Wednesday, April 8. “Unless the virus is defeated everywhere, it is not defeated,” Borrel emphasized. A support package called Team Europe will be aimed at supporting the “most vulnerable countries”, in particular in Africa, Asia, Latin America, as well as the Eastern Partnership countries and the Balkans neighboring with the European Union. The money will go to humanitarian assistance, strengthening health systems, water supply and sanitation, as well as mitigating the social and economic consequences of the pandemic. 20 billion euros - the amount mobilized from the resources of the European Commission, EU member states, as well as the European Investment Bank and the European Bank for Reconstruction and Development. A day earlier, European Commissioner Ursula von der Leyen said EU support would be at least 15 billion euros.