The World Health Organization (WHO) and the European Investment Bank (EIB) have strengthened their collaboration to address the health impact of Covid-19, particularly in low and middle-income countries.
In addition, the partners want to work together to improve resilience and reduce the impact of future public health emergencies, particularly in Africa, as well as commit to overcoming the market failure in tackling global health in the long-term.
WHO director-general Dr Tedros Adhanom Ghebreyesus said: "Combining the public health experience of the World Health Organization and the financial expertise of the European Investment Bank will contribute to a more effective response to COVID-19 and other pressing health challenges."
EIB president Werner Hoyer added: “The world is facing unprecedented health, social and economic shocks from COVID-19.
"The EU Bank’s new partnership with the WHO will help communities most at risk by scaling up local medical and public health efforts and better protect people around the world from future pandemics."