Norway proposes UN corona fund to help poor countries

Image
AFP Oslo
Last Updated : Mar 23 2020 | 2:54 PM IST

Norway on Monday said it wanted to start a United Nations donors' fund to help poor countries fight the new coronavirus pandemic.

"We are concerned about the way the virus will affect developing countries which have fragile healthcare systems," Norway's Development Aid Minister Dag-Inge Ulstein said in a statement.

"International solidarity across borders is more important than ever. That's why it is important for us to contribute financially to such a fund in the UN," he added.

The fund is expected to be set up quickly, "possibly even this week," Norway said, without specifying the amount of its own contribution.

The initiative has been welcomed favourably by UN deputy secretary general Amina Mohammed, Oslo said.

On Thursday, UN Secretary General Antonio Guterres warned "millions" of lives were at stake if the international community did not show solidarity, especially with the world's poorest countries, amid the coronavirus outbreak.

According to AFP's own tally on Sunday, more than 324,000 cases have been detected in 171 countries and at least 14,396 deaths.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 23 2020 | 2:54 PM IST

Next Story