United Nations to Create Global Coronavirus Fund

The United Nations will create a fund to prevent the spread of coronavirus and support the treatment of patients worldwide. The purpose of the fund is to assist developing countries with weak health systems in addressing the crisis as well as to tackle the long-term consequences.

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Norway, which suggested the fund, has not committed how much money it would put into the initiative, similar to a 2014 United Nations Ebola Response Fund. Almost 340,000 people have been infected by the novel coronavirus across the world and more than 14,500 have died, with deaths in Italy surpassing the toll in China, where the outbreak began.