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This website provided a great outlook onto the distribution of funding to vulnerable populations, or lack of. Issues of the impacts disregarding vulnerable populations, environmental and social impacts of covid-19, and other issues have been highlighted as key contributors to the financial struggle of the pandemic.

The role of governments and regulators is not to force the shift but to increase the efficiency of markets and remedy their failures to leave no one and no goal behind. (OECD)

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OECD Home DevelopmentGlobal Outlook on Financing for Sustainable Development 2021 - A New Way to Invest for People and Planet - en

A New Way to Invest for People and Planet

The Global Outlook on Financing for Sustainable Development 2021 calls for collective action to address both the short-term collapse in resources of developing countries as well as long-term strategies to build back better following the outbreak of the COVID-19 pandemic. The financing gap to achieve the Sustainable Development Goals (SDGs) in developing countries was estimated at several trillions of dollars annually before the pandemic. The report demonstrates that progress to leave no one behind has since reversed, and the international community faces unprecedented challenges to implement the holistic financing strategy set out in the Addis Ababa Action Agenda (AAAA). The report finds that trillions of dollars in financial assets held by asset managers, banks and institutional investors are contributing to inequalities and unsustainable practices. It highlights the need to enhance the quality of financing through better incentives, accountability and transparency mechanisms, integrating the long-term risks of climate change, global health, and other non-financial factors into investment decisions. The report concludes with a plan of action for all actors to work jointly to reduce market failures in the global financial system and to seize opportunities to align financing in support of the 2030 Agenda for sustainable development.

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Global Outlook on Financing for Sustainable Development 2021: A New Way to Invest for People and Planet | en | OECD

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Data and research on development including official development assistance (ODA), aid architecture and effectiveness, conflict, fragility, evaluation, gender, governance and poverty., The Global Outlook on Financing for Sustainable Development 2021 calls for collective action to address both the short-term collapse in resources of developing countries as well as long-term strategies to build back better following the outbreak of the COVID-19 pandemic.

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The Development Assistance Committee members provide aid to developing countries in instances such as pandemics, and help promote development of our economy. We see a significant difference in assistance from EU institutions, less spending in total compared to the US.

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This DEVEX interactive website provided a great tool in informing me about the funding targets as well as data on this funding throughout COVID-19 from 2020-2021. Programs such as vaccine incentives, small business funding, and other donations from world banks were recorded in this website. It gave me a better understanding as to where most funding goes, and who it comes from.

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Explore where the funding is going, who's supplying the money, and what funding is focusing on.

An analysis of the data available on the Devex funding database reveals $20.5 trillion committed to the COVID-19 response to date. The announcements, which have been tracked between Jan. 1 and Oct. 11, show how donors are converting their commitments to announcements through awarded contracts, grants, new programs, tenders, and open funding opportunities.
Interact with global COVID-19 funding data
This funding data is available through a new tableau interactive dashboard. Explore where the funding is going, who's supplying the money, and what funding is focusing on.

Since the beginning of 2020, governments, bilateral and multilateral donors, development banks, philanthropic organizations, and the private sector have all played a role in contributing money, equipment, expertise, and more. Funding activities, information about funding opportunities, and news compiled from Devex funding data allow for the intent and fulfillment of their commitments to be better understood.

As of Oct. 11, investments totaling $171 billion have been made through 781 program announcements, and 692 grants have supported $1.8 billion worth of investment. As for business opportunities, 1,587 tenders have seen $4.5 billion invested through program delivery and service partners, while 830 contracts have delivered $1.3 billion on the ground.

After health received a resurgence in donor attention last week as billions were pledged in support of the Access to COVID-19 Tools Accelerator, the focus of new announcements returns to the economic response. But funding continues to support the vulnerable communities in a variety of ways, including in education, health, and food security.

This funding data is available through a Tableau interactive dashboard. Explore where the funding is going, who is supplying the money, and what funding is focusing on.

We've removed our paywall for this article - previously for Pro subscribers only - to provide access to accurate information and resources during the COVID-19 outbreak. This article will be updated regularly with COVID-19 funding announcements. If you are interested in more in-depth global development coverage, visit our Pro subscriber page.
Interact with global COVID-19 funding in this tableau interactive dashboard from Devex.
Oct. 14

Since Oct. 4, $21.8 billion in COVID-19 funding announcements has been added to Devex's funding database, along with $10.9 billion in programs, grants, tenders, and open opportunities. This update includes information from the World Bank and Asian Development Bank operational documents providing large-scale infrastructure and financial support to countries in response to the pandemic that were announced earlier this year. For new announcements since Oct. 4, economic objectives remain the focus.

The largest new announcement in this period was €750 million ($880 million) funding from the European Investment Bank for small and medium enterprises in Egypt. This agreement adds to other support from EIB in Egypt, with a €1.9 billion agreement for the transport sector previously signed.

In the Maldives, agreements with a range of development banks and the Japan International Cooperation Agency have helped the country secure $520 million in loans and aid for the response to the "financial recession caused by the COVID-19 pandemic." The heavy reliance on tourism to support the country's economy made this funding necessary.

In India, a new program supported by the World Bank and Asian Infrastructure Investment Bank will see $296 million invested in municipal service improvement in the state of Punjab. This project, identified as being funded in response to COVID-19, aims to support the urban governance, finances, and delivery of sustainable water services but will also fund short-term interventions that help respond locally to the pandemic.

To support vulnerable communities, a range of programs and grants are targeted toward specific groups - including refugees, children, and women and girls.

Oct. 7

Since Sept. 27, $18.7 billion worth of COVID-19 funding announcements have been added to Devex's funding database, along with $3.1 billion in programs, grants, tenders, and open opportunities.

Support for vulnerable communities was also high on the donor funding list. New announcements included $600 million from the World Bank to support vulnerable communities in the Philippines, which has seen more than 300,000 confirmed cases of COVID-19. And Canadian Prime Minister Justin Trudeau announced that his country will provide $400 million in financial support to development and humanitarian responses for the pandemic globally.

Bilateral donors continue to announce new funding or support required to help pivot existing programs in response to COVID-19. As part of new funding announced to deliver basic education, health, child protection, and economic-strengthening services to children in Uganda over the next five years, the U.S. Agency for International Development said part of the $148 million allocated would "provide psycho-social support to teachers and learners during the period of COVID-19-related school closures so that they are fully prepared to re-engage once schools re-open."

And as part of the Australia Awards program, offering scholarships to study in Australia for students from recipient countries of Australian aid, new services are being incorporated to support career counseling and job placement services due to the impact of COVID-19. A new tender in East Timor seeks to reintegrate recipients through these services.

Sept. 30

Since Sept. 20, $17.7 billion worth of COVID-19 funding announcements have been added to Devex's funding database, along with $2.8 billion in programs, grants, tenders, and open opportunities.

Highlighting the focus on economic response, the largest new announcement since Sept. 20 is a $750 million credit program for Brazil supporting micro-, small-, and medium-sized enterprises. Funded by the Inter-American Development Bank, the program is still in the preparation stage - with an executing agency to be determined - but aims to support the short-term sustainability of businesses in the country that has seen more than 4.7 million confirmed cases of COVID-19.

When it comes to tracking the data from funding announcements to deliverables, including tenders, multilateral institutions have been among the most transparent funders. But to date, the largest investments have come from governments targeting the needs of their own countries - health, economic, and social. In total, governments are supporting $12.2 trillion of announcements, according to the Devex funding data. While governments have been open in publicly announcing their measures of support, it is an area of funding that is proving difficult to track beyond that point.

From governments, Devex funding can track $3.2 billion that has been directed to programs, $251.7 million to grants, $355.1 million in tenders, $64.7 million in open opportunities, and $17.9 million in signed contracts. This data is heavily concentrated in countries such as the U.S. and U.K., where there are more transparent reporting processes or initiatives that are in partnership with other development funders. How government announcements are being translated into action in low- and middle-income countries is a particular challenge for COVID-19 funding data.

Sept. 23

Since Sept. 13, $2.5 billion worth of COVID-19 funding announcements have been added to Devex's funding database, along with $1.5 billion in programs, grants, tenders, and open opportunities.

A $1 billion loan for Angola announced by the International Monetary Fund is the largest new funding announcement in the past week. This money is additional to previous lending provided by IMF to support the country "as its economy struggles with the COVID-19 downturn and global drop in crude prices." Increasing non-oil revenue is expected to be one of the objectives as part of this new loan.

Two loans totalling $770.5 million from the World Bank to the Philippines, supporting tourism recovery and economic sustainability, are also among the largest new announcements. Promotion of domestic tourism and improving disaster preparedness and response for Bohol, Siquijor, and Siargao Islands are among objectives to support a tourism "bounce back," with other funds "advancing structural reforms on competitiveness and resilience."

Angola is the focus of another large announcement from the World Bank, valued at $145 million and targeting health resilience and nutrition security. Severe drought combined with the "disruptions caused by the COVID-19 pandemic" create the risk of a larger humanitarian crisis this program aims to address, and with just over 4,000 cases and 150 deaths, the expectation by the World Bank is that "Angola is in its initial transmission stages of the pandemic" with worse to come.

Sept. 16

Since Sept. 6, $12.9 billion worth of COVID-19 funding announcements have been added to Devex's funding database, along with $980.9 million in programs, grants, tenders, and open opportunities.

The funding was announced by Leonard Mizzi of the European Commission at the African Green Revolution Forum held last week, where he provided insight on the objectives and how the funding will be delivered. The money aims to stimulate local economies as part of the COVID-19 recovery.

Developing local and regional markets and funds for infrastructure that will support economic growth are also a priority. But all projects will need to be in line with the European Green Deal to support carbon-neutral economic growth.

Infrastructure is also a focus of a $1.7 billion initiative for Mozambique, announced by the U.S. International Development Finance Corporation, which will see energy and infrastructure as the focus of economic recovery from COVID-19 in the region.

For the Central American Bank for Economic Integration, public infrastructure is the focus of a $1.4 billion infrastructure investment in El Salvador in partnership with the governments of El Salvador and South Korea. Strengthening the prison system, construction of roads and bridges, updating a water treatment plant, improving public offices, and social benefit schemes are among the ways this investment aims to stimulate the economic recovery from COVID-19, in addition to putting the country on a path for improved governance moving forward.

While economic recovery continues to be the focus of the majority of new announcements on a weekly basis, the growing concern of food insecurity today and the long-term impacts on agricultural production and trade has seen a range of new funding and tender opportunities announced to respond to emerging threats.

Support for health systems is still important as the world nears 30 million coronavirus infections. New announcements from the last week include a $952,000 donation from the Asian Development Bank to procure medical supplies in Uzbekistan as case numbers rise.

But for organizations seeking funding, strong links to economic stimulus in response to COVID-19 are increasingly important- and a growing priority - for funders. Showing how proposals can enable communities to return to work safely and stimulate local economies and supply chains may enable a greater chance of success.

Sept. 9

Since Aug. 30, $17.5 billion worth of COVID-19 funding announcements have been added to Devex's funding database, along with $1.4 billion in programs, grants, tenders, and open opportunities. No newly announced initiatives have exceeded the billion-dollar mark.

Supporting India, the largest new announcement was a €650 million ($767 million) investment by the European Investment Bank for the construction of a metro rail line in the northern city of Kanpur, aiming to "unlock new employment and education opportunities" in the region.

"The EIB investment will accelerate the social and economic recovery of the city in the aftermath of the COVID-19 pandemic and support the long-term re-emergence of the local economy," the announcement read.

The International Monetary Fund has been among the biggest investors in clean energy projects in June announcing a $3 trillion initiative to support a global transition to a green energy future in response to COVID-19, with support for energy companies and maintaining energy supply chains also important focal areas of energy investment.

Details of new contracts awarded by the Bill & Melinda Gates Foundation are providing an insight into the COVID-19 response from a research perspective. A total of 10 contracts were published on Sept. 3 with a focus on vaccines, treatments, and health.

$1.5 million was awarded to PATH to provide services that will enhance clinical trial capabilities, including quality assurance and control systems. Low- and middle-income countries will be supported through this program as part of phase three COVID-19 vaccine tests.

Understanding the severity of COVID-19 and its correlation to immunity is also a focus as part of a $100,000 contract awarded to Stockholm-based Karolinska Institutet.

To date, $302 million has been awarded by the Gates Foundation in contracts supporting COVID-19 objectives.

Sept. 2

Since Aug. 16, $20.2 billion worth of COVID-19 funding announcements have been added to Devex's funding database, along with $15.2 billion in programs, grants, tenders, and open opportunities. This period has seen a number of billion-dollar announcements boosting the investment to date.

The government of Thailand announced $5.3 billion in support for small and medium-sized enterprises and individuals impacted by the pandemic. To date, there have been over 3,400 cases of COVID-19 in the country. The new program will involve loans delivered by the Thai Credit Guarantee Corporation, Government Savings Bank, Ministry of Finance, and Small and Medium Enterprise Development Bank of Thailand to support a range of sectors, including businesses reliant on tourism.

Guyana has over 1,300 confirmed cases of COVID-19, a number that is quickly accelerating and has challenged an already struggling health system. In response, the government has announced $4.5 billion for the procurement of medical supplies - supported by the World Bank,

The economic response has produced $18.3 trillion in funding announcements to date, and it continues to dominate the COVID-19 funding database updates. But there is still much to learn about how it is impacting businesses and the best way out of the economic crises, with new funding aimed at gathering evidence and information that is needed to be effective in responses.

The focus on the economic impact is not just about supporting livelihoods. Increasingly, donors are concerned about civil unrest that both the economic and health impact of the pandemic will create. In the Philippines, which has so far seen over 200,000 confirmed cases and over 3,000 deaths, the World Bank is concerned about the increased uncertainty is creating for vulnerable communities in the Bangsamoro Autonomous Region in Muslim Mindanao - and is investing $850,000 for "participatory, inclusive and conflict-sensitive resource-based planning and management" in the region.

"The crisis could also have significant implications for regional security," DFAT said. "The pandemic potentially increases existing threats such as transnational crime, cybercrime, terrorism, weapons proliferation, people smuggling and human trafficking. In some regional flashpoints, actors could see an opportunity to make gains while governments are preoccupied with domestic imperatives."

To date, DFAT's COVID-19 funding has focused on supporting the Indo-Pacific region in its health response, but targeted programming for civil and political unrest may soon emerge.

Aug. 19

Since Aug. 9, $2.4 billion worth of COVID-19 funding announcements has been added to Devex's funding database, along with $3.4 billion in programs, grants, tenders, and open opportunities. Compared with previous weeks, this is a slowing of new funding announcements responding to COVID-19, with none in the past week passing the billion-dollar mark.

In the past week Belize, Trinidad and Tobago, and Papua New Guinea have seen the highest percentage growth in COVID-19 cases, but no new announcements have targeted these regions specifically.

PNG has seen 13 funding announcements, valued at $926 million. But despite the country's public health being described as in "crisis" last year, the focus of funding has been on the economy.

Of the new funding announcements since Aug. 9, the regional focus has been elsewhere. South Asia was the leading region for new COVID-19 investments with $294 million, followed by North Africa and the Middle East with $289 million and West Africa with $239 million.

Aug. 12

Since Aug. 3, $25.4 billion worth of COVID-19 funding announcements have been added to Devex's funding database, along with $10.5 billion in programs, grants, tenders, and open opportunities - with a COVID-19 response package for South Africa, worth $4 billion, as the largest new announcement. To date, South Africa has over half a million confirmed cases of COVID-19 and more than 10,000 deaths. The daily increase in confirmed cases has averaged almost 7,000 in the past week.

A $1.5 billion loan from ADB to Thailand supporting the social and economic response to COVID-19 is the second-largest new announcement since Aug. 3. Despite Thailand having just over 3,000 confirmed cases, the country's economy is forecast to contract by 6.5% this year - prompting concern that this may impact trade and economic partnerships with neighboring countries.

Among the business sectors most affected by COVID-19 is the tourism industry, which has essentially been grounded. As this sector has been an important focus of economic development in recent years, it has also been an area of economic investment in response to the pandemic. Since Jan. 1, there have been 25 funding announcements worth $4.3 billion in support of the tourism sector. This has translated to 10 programs worth $96 million, three grants worth $60,000, and 10 tenders worth $780,000. And new initiatives continue to target support for this sector.

Gender-focused initiatives have so far seen 84 funding announcements worth $25.8 billion, with support for small and medium enterprises that are women-owned as an area of focus in this sector with a link to economic development. When it comes to delivering on these announcements, this has so far produced 17 gender-focused programs worth $2.7 billion, 64 tenders worth $201 million, 72 grants worth $153 million, 17 open opportunities worth $720,000, and 41 contracts awarded worth $16 million. It is a sector of focus supported by governments, bilateral donors, multilateral donors, philanthropic institutes, and the private sector.

Aug. 5

Since July 27, $35.9 billion worth of COVID-19 funding announcements have been added to Devex's funding database along with $3.9 billion in programs, grants, tenders, and open opportunities - with a number of new announcements exceeding $1 billions.

The approval of Liberia's membership to the Asian Infrastructure Investment Bank, announced on July 29, will put them in a position to benefit from a $10 billion COVID-19 support package for member countries. Infrastructure and transport are expected to be areas of AIIB investment within Liberia, but no specific programs were announced.

In support of South Africa, the International Monetary Fund approved $4.3 billion in emergency financial assistance to support the country in its pandemic response - with a focus on the economic impacts.

In the Asia-Pacific region, the Asian Development Bank announced $1.2 billion supporting the production and trade of "goods crucial to the ongoing fight against the coronavirus disease" in the region - including pharmaceuticals and personal protective equipment. The program aims to support investment in small- and medium-sized enterprises in the region.

The Inter-American Development Bank announced $1 billion in support for vulnerable populations in Brazil, with the aim to deliver a basic income. This program is currently in development.

While these new announcements continue to focus on economic responses, new announcements from NGOs and civil society organizations focus on education and the needs of vulnerable communities. But new announcements have slowed.

In Burkina Faso, Mali, and Niger, Education Cannot Wait announced $13 million in support to scale up access to quality education. The program aims to support 247,000 children - 55% female. This brings the total amount of their investment over the last four months to $60.1 million.

In Palestine, a tender opportunity with the Norwegian Refugee Council aims to improve the organization's understanding of the livelihoods and food security in the region - with the impact of COVID-19 an important part of the study to direct future programming. In Afghanistan and Colombia, NRC is seeking support to research non-state armed groups' behavior during the pandemic.

In Australia and the United States, a range of community funds have also been announced supporting local recovery efforts.

While there have not been a large number of new announcements from this sector, it does not suggest that it is declining in priority. With COVID-19 impacting all areas of programming and delivery, existing programs are being adjusted rather than new ones developed.

Similarly, the private sector is making few new announcements on initiatives supporting the global response. But where there are announcements, they are in partnership with development banks to support sustainable economic growth of job development. A $200 million announcement targeting the economic and social impacts of COVID-19 in India is one such example.

In understanding the ongoing community needs, it is government announcements that show the diversity of social, economic, and health needs as they are the primary responders to their community.

In the past week, economic programs have seen the largest financial investment including business support programs announced in the Philippines and Maldives. But just behind is investment in health systems which still continue to struggle under the weight and acceleration of the pandemic.

July 29

Since July 19, $34.9-billion worth of COVID-19 funding announcements have been added to Devex's funding database along with $7.1 billion in programs, grants, tenders, and open opportunities - with five new announcements worth billions.

The largest new funding announcement since July 19 has been a $3.7 billion support package from the African Development Bank and African Investment Forum for the private sector in Angola, Mozambique, and Nigeria - continuing the trend of large investment in economic development.

The only non-economic billion dollar announcement was a loan from China to support greater access to a COVID-19 vaccine in Latin America and the Caribbean.

In the research space there is more activity. Again, with the Gates Foundation as a leading donor.

Among tenders on offer, leading donors including the U.N. continue to advise respondents on the need to have a COVID-19 plan in place which forms a critical part of awarding contracts.

July 22

Since July 12, $34.8 billion worth of COVID-19 funding announcements have been added to Devex's funding database and $3.9 billion in programs, grants, tenders, and open opportunities have been announced.

As of June 21, Egypt had reported more than 88,000 confirmed cases of COVID-19 and over 4,000 deaths.

The funding, to be administered by the Egyptian Ministry of Planning and Economic Development is focused on infrastructure and other economic development in response to the pandemic.

To date, economics has been a component of 672 funding activities with a value of $18.3 trillion.

WASH, one of the focus areas added to the funding analysis this week, has received a much smaller share of funding. By funding announcements, WASH has featured in 46 announcements with a value of $3.3 trillion. Among programs, it is featured in 10 initiatives valued at $261.7 million. Seven grant programs have seen contributions to WASH valued at $2 million, while 10 WASH-related contracts have been awarded valued at $5.3 million. But programs specific to areas of development assistance such as WASH are more recent, emerging as an area of COVID-19 funding assistance as the needs of vulnerable groups are better understood.

Food security programs have received a higher share of the funding pie. A total of 114 funding activities have supported food security initiatives in response to COVID-19, valued at $12.9 billion, with India and Zimbabwe focal regions for investments. These announcements have led to the establishment of 14 programs with a value of $1.1 billion, 8 grants worth $10.3 million, and 15 contracts worth $2.7 million.

Since July 12, new programs supporting food security initiatives include $28.5 million from EBRD to satisfy food demand in Turkey, $10 million from the Asian Development Bank to support the dairy value chain in Bangladesh, $10 million from the World Bank and International Finance Corporation to support the agricultural sector in Paraguay, and $10 million from the German Federal Ministry for Economic Cooperation and Development and KfW supporting smallholder farmers in Zambia.

In addition to more targeted development programs the data is also seeing the increased use of consultancy services as part of COVID-19 program delivery. A total of 192 tenders have been released calling for consultancy services, with seven contracts awarded.

July 15

Since July 5, $7.3 billion worth of COVID-19 funding announcements have been added to Devex's funding database; $4.9 billion in programs, grants, tenders, and open opportunities have been announced. Comparatively, it has been a slow week for new funding announcements, with no new projects passing the billion-dollar mark.

Indonesia, which has seen a daily average of 2,000 new cases and over 70 deaths over the past week, has also been a funding focus. In addition to being supported by the $100 million education initiative, ADB is supporting Indonesia with $15 million targeting dairy farmers and food security.

Continuing the financing trend, development banks and multilateral institutions continue to lead the big investments.

Compared to multilateral donors, new funding from bilateral donors with a central COVID-19 focus has slowed.

This decline among bilateral donors may suggest a mainstreaming of COVID-19 into development programming with the response and recovery phase expected to impact countries for years to come.

July 8

Since June 30, $24.5 billion in funding announcements for COVID-19 has been added to Devex's funding database, and $8.5 billion in programs, grants, tenders, and open opportunities has been announced. The $5.5 billion commitment at the Brussels IV Conference on Supporting the Future of Syria and the Region assisted with the increase in funding announcements, with a number of additional billion-dollar announcements.

Brazil, home to the second-highest number of COVID-19 cases and deaths after the U.S., will also see a $1 billion investment for the response. Funded by the Inter-American Development Bank, this forecast program will be focused on the most vulnerable groups impacted by the crisis to ensure "minimum levels of quality of life," including support for a minimum income and employment levels during and after the pandemic.

The growing number of tender opportunities, supporting the implementation of funding activities and programs, shows the sustained diversity of needs required in the global response to COVID-19. Consultancy services are being sought in areas such as data and analytics. In Pakistan, consultancy services for digital health and social protection aim to boost the digitization of basic health registries and build health-related data to better support service delivery and policy development.

July 1

While multilateral donors are focusing on the economy, philanthropic donors continue to invest in research, vaccines, and support for vulnerable communities.

Since June 23, the Bill & Melinda Gates Foundation has made available information on 22 contracts entered into supporting $21.3 million of investment.

June 23

The $3 trillion commitment by the IMF for global clean energy is the largest new funding announcement since June 14 - and it links to COVID-19 funding through its intent to stimulate economic growth between 2021 and 2023. The financing of infrastructure, energy, and other large-scale construction projects is a common approach for donors and governments. These projects seek to create jobs through various stages of development - from design and procurement of materials to construction.

Through investments such as these, multilateral donors have stamped their mark as the leading donors for projects related to the economic recovery from COVID-19.

Kyrgyzstan, Tajikistan, and Mongolia followed as places of priority.

Multilateral donors continue to make a big impact in the response and recovery from COVID-19 as new announcements slow from bilateral donors, governments, nongovernmental organizations, philanthropic donors, and the private sector. This does not mean, however, that these announcements are any less impactful.

For NGO and civil society organization donors, new initiatives include food assistance for refugees in Gaza, aid to Iranian families, and collaborative partnerships to address the challenges of COVID-19 in Jordan. Among philanthropic donors, The Coca-Cola Foundation announced $17 million for the COVID-19 response in Africa, while new private sector announcements include one initiative from the Commercial International Bank of Egypt and another from Uber Eats. Among these donors, new announcements are increasingly focused on development challenges and regions seeing growing or emerging issues created by the COVID-19 pandemic.

June 17

EIB's €7.5 billion in financing for new projects was the leading new funding activity announced since June 7. But it is one of many new announcements from development banks through funding activities and programs.

The role various donors are playing is starting to become more established. Development banks, multilateral donors, and the private sector are focusing on continuing the strong investment in activities and programs targeting the economic response. Bilateral donors are focusing on protecting vulnerable communities, followed by strengthening health systems. Governments are targeting broader response needs within their borders. While NGO and philanthropic donors are focusing on health systems.

Among bilateral donors, new announcements and opportunities from the U.S. Agency for International Development continue a diverse geographic and thematic response to COVID 19. Bangladesh, Cambodia, Haiti, Morocco, Nepal, and the Philippines are among the geographic focus of new announcements.

Support for the private sector; hygiene and sanitation awareness campaigns; support for vulnerable communities; and maternal, newborn, and child deaths are the sectoral focus of new funding activity announcements.

A new tender is providing an opportunity for consultancy services to report on communication and community engagement as part of the COVID-19 response in Morocco, and a $ 15 million grant to strengthen information technology capacity in Cambodia aims to improve opportunities for the country's economic growth.

A grant opportunity supported by the Swedish International Development Cooperation Agencyand International Development Research Centre is aimed at improving the use of artificial intelligence and data science to support the COVID response. And there are new tender opportunities with the Belgian Development Agency and Danish International Development Agency, which seek support for translation, analysis of food security risk, and an urban development study.

The largest new tender opportunity calling for private sector support in the COVID-19 response is a $120 million opportunity with the World Bank to support health resilience in Lebanon - a country with 1,464 known COVID-19 cases as of June 16 but a health system that is unlikely to cope with a large outbreak. Among the requirements: capacity building for testing, improved IT surveillance systems, and a better case management system to support health workers. Equipment to be procured as part of the tender includes COVID-19 detection and surveillance equipment, personal protective equipment, and hospital equipment for housing and supporting patients.

Honduras, a country with 9,178 known COVID-19 cases as of June 16, which is growing rapidly, is another region the World Bank is calling for tenderers to strengthen the health response with an opportunity valued at $20 million.

June 9

Gavi has also used the past week to unveil a new program in partnership with the Gates Foundation, providing a $547 million grant for improving access to vaccines in Kenya. In European politics, vaccines continued to be a priority outside of Gavi. A new funding announcement from the European Union will see $2.7 billion spent on the advance purchase of "promising" COVID-19 vaccines for member countries - with the anticipation that this may result in a loss if some vaccines are not successful.

June 2

The announcement from the European Union of €750 billion ($838 billion) in support of the economic recovery from COVID-19 for member countries is a new boost to funding after seeing announcements becoming smaller and is by far the largest new announcement since May 24.

By region, new funding has been centered on East Asia and the Pacific with 22 announcements, followed by 16 announcements for West Africa and another 16 for Latin America and the Caribbean. But the EU announcement sees the Eastern and Western European regions - and economic support - as the financial focus of new announcements since May 24.

For contracts, philanthropic donors were the leading source of opportunities, while multilateral donors dominated funding activities, programs, and tenders. For grants, bilateral donors were the leading source of new announcements over the past week.

May 26

Low- and middle-income countries are also the focus of another announcement in this period - €3 billion ($3.3 billion) from the Council of Europe to provide financial assistance to Albania, Bosnia-Herzegovina, Georgia, Jordan, Kosovo, Moldova, Montenegro, North Macedonia, Tunisia, and Ukraine in response to COVID-19.

Humanitarian needs are a key target of a $2 billion initiative from the government of China that was announced at the World Health Assembly. According to the announcement, the funds will be available for a global humanitarian response capital and hub based in China. Hospital partnerships and debt suspension for Africa will also be a focus.

Among funding activities, these projects reflect an increased financial contribution supporting vulnerable communities since May 17.

Economic recovery still remains an important focus of funding activities, with $11 billion in announcements. Health systems are also supported by $5.4 billion in new funding announcements.

May 18

Government-funded economic stimulus drove the largest new funding activities since May 10. In Vietnam, a $25 billion "cushion" was announced for the national economy with the aim of providing a jump-start in the post-coronavirus period. In India, $4 billion will be directed toward agricultural support and concessional credit for farmers as part of broader relief packages.

But investment from bilateral donors - aimed at health systems, the economy, and other development challenges - is also supporting new coronavirus responses in low- and middle-income countries. Angola, Bangladesh, Ethiopia, Kazakhstan, Myanmar, and South Africa are among the countries targeted by new funding activities, programs, grants, and tenders.

The U.K.'s Department for International Development is boosting economic development through a new £30 million ($37 million) initiative to scale up its infrastructure and cities programming. As part of its pivot to COVID-19, this funding aims to support the building of resilient cities and infrastructure for medium- and long-term economic recovery in LMICs.

Country responses remain the focal point of bilateral support, with 127 announcements since Jan. 1. Health systems follow with 82 announcements, then economies with 29 announcements and vulnerable groups with 27 announcements.

Geographically, bilateral donors have focused this year's investment announcements on global programming, which has seen 31 such announcements. This is followed by Bangladesh with 13. With 10 announcements, East Africa has also been a recipient of regionally diverse initiatives, while western and southern Africa saw 9 announcements.

In comparison, the geographic focus of private sector partners this year has been on global initiatives with 71 announcements. This is followed by the U.S. with 30 announcements, China with 25 announcements, and India with 19 announcements.

May 11:

Food security is emerging as an increasing concern among governments and donors supporting the global response, with $2.25 billion worth of funding announced since May 2. New funding of $1.7 billion toward the distribution of food items in Ghana is the single largest announcement focused on food security in the analysis of COVID-19 funding data since January. This demonstrates the increasing stress that COVID-19 is placing on supply chains as donors try to stay ahead of emerging challenges.

That food security package is also one of the largest announcements in funding activities overall. But the bulk of funds in this space have focused on governments' commitment to the development of vaccines and treatments.

A total of 11 new announcements have committed $11.1 billion to these efforts, with an $8 billion commitment by various governments accounting for a large portion.

Other big funding announcements include $1 billion for economic relief and safety nets in Indonesia and $506 million to support the response and economy in Ecuador.

A total of 40 new tender opportunities are also available supporting the programs of NGO, multilateral, and government donors - with the largest being a forecast for the procurement of goods, works, and services to assist the World Bank in its ongoing COVID-19 response. The opportunity will provide the bank flexibility with changing needs, as the coronavirus continues to impact the globe.

May 6:

A total of 201 grants - nonprofit funding opportunities providing financial assistance to project objectives related to the coronavirus - were announced between Jan. 1 and May 2, with financial assistance of $590 million. Strengthening health laboratories, virus research, and civil society protection are among the diverse focuses of grants announced.

A total of 179 contracts have been awarded, providing $192 million in commitments delivered through partnerships. Helmsley Charitable Trust has so far awarded $78.4 million in contracts for work in Israel and the U.S. and in support of worldwide programs targeting health systems.

Tenders continue to grow, and organizations seek services and equipment to deliver on their financial commitments. A total of 165 tenders - with more than half for the purchase of equipment and medical supplies - are supporting $1.9 billion in expenditure.

Among the 279 new entries added to Devex's funding database since April 27 are a $15 billion economic relief package for Brazil, Russia, India, China, and South Africa and $3.4 billion in support for emergency COVID-19 efforts in Nigeria.

April 29:

While investment has slowed, economic initiatives continue to drive finances. Through 66 initiatives announced since April 19, $204 billion in investment is expected to be made.

Globally, governments continue to be the biggest funders of initiatives, both in number and value. They have supported an additional 132 initiatives since April 19, valued at $357 billion. Multilateral institutions are key financial contributors to 132 initiatives as well, with their projects valued at $241 billion. The private sector is contributing to 47 initiatives valued at $2.9 billion. NGOs and civil society are supporting 52 new initiatives valued at $124 million, with education programs accounting for $37 million of this total.

April 22:

Since April 12, bilateral donors have announced $2 billion worth of initiatives. Agence Française de Développement announced its third - and largest - initiative in support of Africa to reinforce health systems on the continent. €150 million will be made available in the form of donations and €1 billion in the form of loans.

Over this same period, $410 million worth of projects has been announced by philanthropic donors, $399 million worth by the private sector, and $29 million worth by NGOs and civil society.

Among the trends identified in the past week has been an increasing focus on initiatives related to data on the one hand and gender on the other.

April 15:

Continuing the trend identified on April 8, the majority of new initiatives announced support the COVID-19 response within countries (152 initiatives) followed by health system support (70 initiatives). But the bulk of funds continues to address the economic impacts of COVID-19, with $1.3 trillion in additional support announced - including $1 trillion in assistance to Japanese families and small business owners and $57.9 billion in economic support for Thailand.

But the financial boost seen between March 24 and April 5 has declined in favor of projects targeting vulnerable groups and other needs emerging during this crisis.

Among the emerging priorities this week are procurements to purchase equipment and resources that will help organizations continue providing essential services.

There has also been an increase in calls for equipment, as well as procurements to support organizations with their response and ability to continue operating.

April 8:

Investments from governments have rapidly grown, increasing from a known value of $1.9 billion on March 24 to $8 trillion by April 5; 135 initiatives support these announcements.
Insight into the funders
March 30:

Governments are supporting initiatives worth at least $2.9 trillion, including a $1 trillion package focusing on economic impacts in the United States. Government funding is largely concentrated on responding to COVID-19 or its economic impacts. Country-specific initiatives account for 83% of this, while programs with a regional or global focus make up the rest.

Multilateral institutions are supporting 65 initiatives with a known value of $1.1 trillion. The European Union is supporting $1 trillion worth of investment across 11 initiatives, including $41 billion for coronavirus-related health care expenditures across Eastern and Western Europe.

Multilateral funding has so far been evenly split between country-specific and multiregion initiatives.
Interact with the data
Bilateral funders have so far announced investments or partnerships in initiatives worth $594 billion, with the bulk from KfW to protect the German economy from the effects of the new coronavirus. In terms of geographic footprint, Asia and Africa are a key focus.

Explore the funding response via geographical region, funding, focus areas, and more.

NGOs and civil society organizations are supporting at least $165 million worth of initiatives with a focus on Africa - including research-strengthening initiatives. But responding to COVID-19 is the main focus of this sector.
Areas of investment
A total of 47 initiatives are supported by the private sector with a known value of $2.3 billion - with 37 initiatives focusing on specific countries, including a $1 million investment from Rio Tinto to address the outbreak in China.

So far, the focus of announced investments since January has been on the response, with supporting health systems being the second priority. Australia is investing $1.4 billion in its health sector, while the EU is preparing for $41 billion worth of coronavirus-related health care expenditures.
Geographic focus
At least $195 million is being invested into equipment supplies across 12 initiatives, including a $45 million investment from the private sector.

With a large investment from governments in support of their national response, two-thirds of the initiatives are country-specific. Since the virus was first identified in China, 44 initiatives are specific to this country. The U.S. has the second-most initiatives with 15, followed by the Philippines with 13, and Pakistan with 10.

As a region, East Asia and the Pacific has seen 84 initiatives with a known value of $418 billion. South Asia has 28 initiatives worth at least $8.9 billion, and Western Europe has 24. The number of worldwide initiatives stands at 61, with at least $488 billion invested into the response.

But as the impact of COVID-19 grows, so will the investment required to respond to and understand it. Shifts beyond Asia will be likely, as will be increasing investment in economic and social responses.
For access to in-depth analysis, insights, and funding opportunities from over 850+ sources - combined with Devex Pro news content - sign up to a Pro Funding subscription to learn about our Pro Funding group options.
Investment is just getting started - and Devex will continue to provide insights into known funding as it becomes available.

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Interactive: Who's funding the COVID-19 response and what are the priorities?

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An analysis of the data available on the Devex funding database reveals $20.5 trillion committed to the COVID-19 response to date. The announcements, which have been tracked between Jan. 1 and Oct. 11, show how donors are converting their commitments to announcements through awarded contracts, grants, new programs, tenders, and open funding opportunities.

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Total spent in these countries/organizations during 2020 in the prevention of COVID-19. These charts also show priority in funding in terms of covid testing, remedies, surveillance, PPE, etc. 

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Total spent in these countries/organizations during 2020 in the prevention of COVID-19. These charts also show priority in funding in terms of covid testing, remedies, surveillance, PPE, etc. 

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and other sources, I will be explaining the macro issues regarding funding from well developed countries to  underdeveloped countries, and micro issues such as how the United States has catered to certain populations during COVID-19.