The Group of 20 rich and emerging economies has pledged more than $21 billion to fight the coronavirus, Reuters reported.

“The G20, with invited countries, has coordinated the global efforts to support the fight against the Covid-19 pandemic. To date, G20 members and invited countries have pledged over US$21 billion to support funding in global health,” the group said in a statement.

The pledges will be directed towards diagnostics, vaccines, therapeutics, and research and development, the statement added.